The ‘Maharna’ shares are down 28% from record highs and are expected to post strong earnings
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Stocks to buy. Many brokerages have suggested investing in shares of Maharatna Company NTPC. Shares of NTPC are currently trading 28 percent below their 52-week high.
Highlights
- NTPC shares are down 28% from their 52-week high.
- The brokerage has given ‘Buy’ rating on NTPC stock.
- NTPC’s target price could be as high as 30,430.
New Delhi. Shares of power sector giant NTPC are bullish. Shares of NTPC are currently trading below 28% of their 52-week high. The brokerage says that now this Maharatna share price has become attractive, so investors should invest in it. He believes the company’s strong pipeline and focus on green energy make it an attractive bet over the long term. In the past one year, this stock has lost 0.62%. 92% returns have been given in last 2 years. This stock has returned 140% in last 3 years and 185% in 5 years.
4,711.4 crore in the third quarter of 2025, a growth of 3.1% in the current fiscal year 2025. At the same time, revenue increased by 4.8% to Rs 41,352.3 crore. The company has declared an interim dividend of ₹ 2.5 (25%) per share, payable on February 18, 2025.
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Brokerage Opinions on NTPC
Brokerage firm ICICI Securities (ICICI Securities) has maintained its ‘hold’ rating on NTPC shares and fixed its target price at ₹ 430. According to the brokerage, the stock could give a return of around 33% from the current level of ₹ 322. At the same time, Novama has set its target price at 2,412 from a 12-month perspective. Antiquity broking is also expected to earn from this stock. The brokerage has maintained a target price of ₹ 429 on NTPC share, which is 32% higher than the current price.
Global brokerage firm Jefferies has also advised investors to buy shares of NTPC. The brokerage has maintained a target price of ₹ 500 on the stock, indicating a 55% upside from current levels. The brokerage believes that the third quarter results may be weaker than the estimates, but the fourth quarter is expected to perform better.
Why invest?
Market pundits have also given some reasons to invest in NTPC. These are..
- Focus on green energy: NTPC’s green subsidiary raised $10,000 crore through an IPO and of this 2.4 GW of new renewables was bid. This has strengthened the company’s grip in green energy.
- Cheap evaluation: The stock is trading around its historical average of 1.7x FY27E BV (Standstone). The brokerage considers it an attractive price.
- Strong Order Book: The company has a construction capacity of 30 GW, of which 17.6 GW is thermal and 12 GW is hydro and renewable.
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New Delhi,New Delhi,Delhi
January 27, 2025, 15:30 ist
The ‘Maharna’ shares are down 28% from record highs and are expected to post strong earnings
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