March 06, 2017 / 12:36 IST
Geojit Research's report on NTPC Despite muted growth in power generation & energy sent out (1% YoY), NTPC reported decent revenue growth of 11% YoY on standalone basis in Q3FY17 on the back of healthy growth in realisation (10% YoY). Further increase in regulated equity during the quarter also supported the performance.
Outlook
We are optimistic on the stock given NTPC’s high visibility on earnings growth on the back of its aggressive capacity addition plans. Moreover, its regulated business model with assured RoEs and secured power purchase agreements bodes well for growth. We maintain our Buy rating on the stock with a revised target price of Rs189 (based on 1.4x FY19E P/B), an upside of 18%.
For all recommendations, 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. 
Read More
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
