Buy NTPC, target price Rs 142: Edelweiss

Edelweiss has buy call on NTPC Ltd. with a target price of Rs 142. The current market price of NTPC is Rs 132.95.
Time period given by analyst is Intra Day when NTPC Ltd. price can reach defined target.

NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 129256.56 Crore) operating in Power sector.


NTPC Ltd. key Products/Revenue Segments include Generation Of Electricity, Other Operating Revenue, Consultancy Income, Coal and Lease Rentals for the year ending 31-Mar-2020.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 33783.62 Crore, up 2.08 % from last quarter Total Income of Rs 33095.67 Crore and up 19.01 % from last year same quarter Total Income of Rs 28387.27 Crore. Company reported net profit after tax of Rs 4318.12 Crore in latest quarter.


Investment Rationale
Stock formed higher high pattern and close above 21-DMA suggests outperformance to continue

Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of 31-Dec-2021, while FIIs owned 14.54 per cent, DIIs 30.91 per cent.