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Buy NTPC; target of Rs 300: ICICI Direct

ICICI Direct is bullish on NTPC recommended buy rating on the stock with a target price of Rs 300 in its research report dated September 27, 2023.

September 27, 2023 / 21:50 IST
Buy
     
     
    26 Aug, 2025 12:21
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    ICICI Direct's research report on NTPC

    NTPC is India’s largest power generation company with a total installed capacity of ~73000 MW at the group level as of FY23. NTPC has 17% of total installed capacity in India with 24% generation share • The company’s vision is to become a 130 GW+ company by 2032 of which 60 GW would be contributed by renewable energy.

    Outlook

    We maintain our BUY rating on NTPC. We value the stock at ₹ 300 per share (based on 1.8x FY25 Book Value).

    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.

    NTPC - 27 - 09-2023 - icici

    Broker Research
    first published: Sep 27, 2023 09:45 pm

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