nifty: Buy NTPC, target price Rs 229: ICICI Securities
NTPC, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 214587.22 Crore) operating in Power sector.
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NTPC, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 214587.22 Crore) operating in Power sector.
NTPC will receive Rs 7,795 crore from the transfer of the coal mining business. This is based on the book value, payable through a combination of cash/equity shares/debt liability, the company said in an exchange filing.
NTPC Ltd., the country’s largest power generator with a current group installed capacity of over 73 GW, announced its financial results
Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), grew by nearly 17% on year to Rs 11,369.40 crore. Operating margin expanded a sharp 471 basis points to 29.06%.
Goldman described one of the stocks as a "top pick" and expects it to soar by more than 30% over the next 12 months.