highlights
NTPC shares have given 100 percent return in a year.
NTPC is the country’s largest power generation company.
Brokerage’s stance on NTPC stock is positive.
Share Market : The stocks of government companies have been rising for the past several days. Many government stocks have given multibagger returns to investors in the last 12 months. NTPC’s name is also included among the companies giving huge profits in a year. Brokerage is also bullish on NTPC’s multibagger shares, which have doubled their profits in a year. Brokerage Morgan Stanley says that there will be no brakes on the rise of NTPC share right now and this share will give huge profits to the investors in the coming time. Brokerage house ICICI Direct has a similar opinion.
NTPC stock touched its one-year high of Rs 342.95 on NSE in the last trading session i.e. on Friday. However, after reaching 52-week high, the stock later fell slightly and closed at Rs 337.40. The 52-week low of NTPC share is Rs 165.60. In this way the price of this share has doubled in one year.
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The stock is giving excellent profits
NTPC shares have increased by 9.39 percent in the last one month. Similarly, in the last six months, this multibagger share has given 54 percent profit to investors. Investors have earned 189 percent profit from this stock in five years.
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 while giving overweight call on NTPC. Along with this, the brokerage has given a target of Rs 390 per share on NTPC.
Brokerage house ICICI Direct has selected power PSU stock NTPC for long term. The brokerage believes that the capacity of the company is continuously increasing. It is in a strong position. ICICI Direct has advised to buy on NTPC. Also, the target price per share has been kept at Rs 400.
The country’s largest power generation company
NTPC is the largest power generation company in the country. India has 17 percent stake in installed capacity and 24 percent stake in power generation. The company’s vision is to become a 130 GW+ company by 2032. The target is to generate 60 GW power from renewable energy.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 is not responsible for any profit or loss of yours. will be.)
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Tag: business news in hindi, multibagger stock, NTPC, Share Market, stock tips
first published : February 18, 2024, 17:01 IST
