Buy NTPC, target price Rs 142: Yes Securities

Yes Securities has buy call on NTPC with a target price of Rs 142. The current market price of NTPC Ltd. is Rs 130.05.
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 131195.89 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 30-09-2021, the company reported a Consolidated Total Income of Rs 33095.67 Crore, up 8.90 % from last quarter Total Income of Rs 30390.60 Crore and up 15.41 % from last year same quarter Total Income of Rs 28677.64 Crore. Company reported net profit after tax of Rs 3366.90 Crore in latest quarter.

Investment Rationale
The stock is on the verge of a breakout from a sideways consolidation phase suggesting bullishness building up. Further, technical indicator RSI is confirming the strength dominant at the moment.

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.