Buy NTPC, target price Rs 143: HDFC Securities

HDFC Securities has buy call on NTPC with a target price of Rs 143.0. The current market price of NTPC is Rs 116.5 Time period given by analyst is one year 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 113014.64 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 30-06-2021, the company reported a Consolidated Total Income of Rs 30390.60 Crore, down -4.09 % from last quarter Total Income of Rs 31687.24 Crore and up 13.42 % from last year same quarter Total Income of Rs 26794.68 Crore. Company reported net profit after tax of Rs 3241.32 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of June 30, 2021, while FIIs held 13.1 per cent, DIIs 33 per cent and public and others 2.8 per cent.