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    HomeNewsBusinessStocksNeutral NHPC; target of Rs 28: Motilal Oswal

    Neutral NHPC; target of Rs 28: Motilal Oswal

    Motilal Oswal recommended Neutral rating on NHPC with a target price of Rs 28 in its research report dated August 16, 2021.

    Broker Research
    August 19, 2021 / 14:12 IST
       
       
      26 Aug, 2025 12:21
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      Motilal Oswal's research report on NHPC

      NHPC's 1Q result highlights the impact of lower generation, offset by higher other income and revenue from the TLDP-IV order. S/A adj. PAT was flat YoY at INR9.1b. The capex run-rate is expected to increase on account of investments in new projects.

      Outlook

      However, much of the commissioning remains 3-4 years away, implying FCF/RoE getting dragged over the near term. Maintain Neutral, with TP of INR28/sh.

      For all recommendations report, click hereDisclaimer: 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.

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      Broker Research
      first published: Aug 19, 2021 02:12 pm

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