Shares of state-owned company hit 52-week high, brokerage opinion – rise won’t stop.

Stock Market: The stocks of government companies have been increasing for the past several days. Many government stocks have given investors multi-bagger returns in the last 12 months. The name of NTPC is also included among the companies giving huge profit in a year. The brokerage is also bullish on NTPC’s Multibagger Shares (NTPC Shares), which has doubled its gains in a year. Brokerage Morgan Stanley says there is no break in NTPC’s shares yet and the share will yield huge returns to investors in time to come. Brokerage house ICICI Direct is also of the same opinion.

NTPC’s stock touched a one-year high of Rs 342.95 on the NSE in the last trading session, Friday. However, after touching a 52-week high, the stock later fell slightly and closed at Rs 337.40. Shares of NTPC hit a 52-week low of Rs 165.60. Thus, the price of this share doubled in one year.

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The stock is giving excellent returns.
Shares of NTPC have gained 9.39% in the past one month. Similarly, in the last six months, this multi-bagger share has given investors 54% return. Investors have made a 189% return on this stock over five years.

The share will go up to Rs 390.
Brokerage houses are also bullish on NTPC. NTPC’s target has been upgraded by Morgan Stanley. Morgan Stanley has also upgraded the target price on NTPC, giving it an overweight call. Along with this, the brokerage has given a target of Rs 390 per share on NTPC.

Brokerage house ICICI Direct has chosen power PSU stock NTPC for the long term. The brokerage believes that the company’s potential continues to grow. It is in a strong position with ICICI Direct suggesting a buy on NTPC. Apart from this, the target price per share has been set at Rs 400.

The country’s largest power generation company
NTPC is the largest power generation company in the country. India has a share of 17% in installed capacity and 24% in electricity generation. The company’s vision is to become a 130 GW+ company by 2032. The target is to generate 60 GW of electricity from renewable energy.

(Disclaimer: The stock mentioned here is based on the advice of the brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 of any profit or loss you make. will not be responsible).

Tags: multibagger stock, Stock market, Stock tips