NTPC share price gains after CLSA maintains buy rating

CLSA believes that the win should improve visibility of the company's beating its 30 percent non-fossil target. It has maintained buy call on its improving ESG, deep-value multiples and high yield.

November 27, 2020 / 10:18 AM IST
 
 
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NTPC share price was up 2 percent intraday on November 27 after CLSA maintained buy call on the stock.

The global research firm has retained buy on the stock with a target of Rs 140 per share. The company has started leading the RE space, winning 44 percent of 1.1 GW in tenders. The win should add 9 percent to the company's RE portfolio and could earn 11.4 percent equity IRR. This should address its growth and energy mix concerns, according to a CNBC-TV18 report.

CLSA believes that the win should improve visibility of the company's beating its 30 percent non-fossil target. It has maintained buy call on its improving ESG, deep-value multiples and high yield.

The stock was trading at Rs 95.75, up Rs 1.65, or 1.75 percent at 09:46 hours. It has touched an intraday high of Rs 97.00 and an intraday low of Rs 95.50.

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According to Moneycontrol SWOT Analysis powered by Trendlyne, the stock is showing strong momentum: price above short, medium and long term moving averages. The company has zero promoter pledge. FII/FPI or institutions are increasing their shareholding.

Moneycontrol technical rating is very bullish with moving averages and technical indicators being bullish. The company has been reporting a decline in quarterly net profit with a falling profit margin (YoY).

Disclaimer: The views and investment tips expressed by investment experts 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.​​
Moneycontrol News
first published: Nov 27, 2020 10:18 am

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