Buy NTPC, target price Rs 165: ICICI Securities

ICICI Securities has buy call on NTPC with a target price of Rs 165. The current market price of NTPC Ltd. is Rs 99.4.

NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 96239.41 Crore) operating in Power sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 28387.27 Crore, down -1.01 % from last quarter Total Income of Rs 28677.64 Crore and up 9.38 % from last year same quarter Total Income of Rs 25953.02 Crore. Company reported net profit after tax of Rs 3681.33 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 12.3 per cent, DIIs 33.6 per cent and public and other 3 per cent.