Power Generation & Distribution
Power - Generation/Distribution
from 330 today
NTPC's structural pivot toward a regulated, cost-plus thermal base alongside an aggressive renewable and nuclear expansion positions it as a direct and diversified beneficiary of India's decade-long power capex buildout. We recommend a BUY with a Target price of Rs 363/share.
NTPC remains best positioned to benefit from India's long-duration power demand growth through its unmatched visibility on regulated capacity additions. We reiterate our BUY rating with a revised target price of Rs. 419, based on 9.2x FY28E EV/EBITDA.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
