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Last Updated : Sep 18, 2018 04:46 PM IST | Source: Moneycontrol.com

Buy NTPC; target of Rs 194: Motilal Oswal

Motilal Oswal is bullish on NTPC has recommended buy rating on the stock with a target price of Rs 194 in its research report dated 03 Aug 2018.

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Motilal Oswal's research report on NTPC


KNRC has received in principle financial sanctions for three of the four HAM projects the company has won from NHAI and the fourth project is expected to achieve financial closure by August 2018. Full financial closure should happen once KNRC has 80% land available on 3H basis to execute the projects.


Outlook


We expect capitalization to outpace capex over the next 2-3 years, which will boost consolidated RoE and re-rate the stock. We value the stock at INR194/share based on DCF calculations. The stock is trading attractive at 9.5x P/E and 1.1x P/BV FY20E. Maintain Buy.

For all recommendations report, click here

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First Published on Aug 7, 2018 06:22 pm
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