Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
140.75
Change Change %
-2.05 -1.44%

Updated:23 Jan, 2019, 15:59 PM IST

BSE
140.55
Change Change %
-2.25 -1.58%

Updated:23 Jan, 2019, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
14-08-2015 Buy 129.00 175.00
N/A
Closed Custom
14-08-2016

Nomura Maintains Buy on NTPC

Nomura has maintained buy on NTPC for target of Rs 175. Nomura says that Government's disinvestment to be a near-term overhang. They maintain that NTPC should be able to achieve a 17% operating Return on Regulated Equity (RoRE) under the new tariff regulations. At the current market price, the stock trades at FY17F 1.2x P/B (BVPS: Rs 110) and 11.0x P/E (EPS: Rs 11.6); the implied target FY17F P/B multiple for the stock is 1.6x. See our note (Maintain Buy; raise 12-month TP to Rs 175, 6 May, 2015) for our detailed investment thesis on the stock.

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