Hot Pursuit     19-Jul-23
NTPC jumps after foreign broker initiates 'Buy' rating
NTPC jumped 3.04% to Rs 192.90 after a foreign broker initiated coverage on the largecap PSU stock with a 'Buy' rating.
The broker has set a price target of Rs 265 for the power sector company, indicating a potential increase of over 42% from the previous closing price.

NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. The Government of India holds 51.10% in NTPC.

The company recorded 1% rise in standalone net profit to Rs 5,672.32 crore on a 21.8% increase in total income to Rs 43,399.15 crore in Q4 FY23 as compared with Q4 FY22.

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