Buy NTPC, target price Rs 148: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on NTPC Ltd. with a target price of Rs 148. The current market price of NTPC is Rs 140.2. 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 135898.78 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
Consolidation breakout of 63 trading sessions and negated lower highs - lower lows of last two months

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.