NTPC: What should support the stock in future?

The core business of thermal power is thriving while the power utility is plugging into clean energy

Jitendra Kumar Gupta
February 29, 2024 / 11:38 AM IST
NTPC: What should support the stock in future?

NTPC green initiative

PRO Only Highlights
-  Quarterly performance largely backed by improved realisations
-  Medium-term triggers China plus and protectionist measures for tyre industry
-  Valuations not inexpensive; but improved medium-term outlook

Highlights Monetisation of renewable assets could unlock value in the coming years Operational performance remains strong led by higher PLFs Capacity addition in thermal power to support growth in the near term Huge amount of under-construction projects and those being eyed provides visibility Stock valued at 11 times its fiscal 2026 estimated earnings NTPC (CMP: Rs 334, Market capitalisation: Rs 3,24,256 Crore, Stock Rating: Overweight), India’s largest power utility, is in the limelight because of its focus on renewable energy, along with the planned listing of...