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.
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.
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
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.