ICICI Direct has given Hold recommendation for NTPC with a target price of Rs. 122 in its research report issued on Aug 02, 2021

ICICI Direct’s research report on NTPC

NTPC is India’s largest power generation company with a total installed capacity of 66885 MW at the group level. NTPC has 17% of total installed capacity in India with 23% generation share The company’s vision is to become a 130 GW+ company by 2032 of which 60 GW would be contributed by renewable energy


Maintain our HOLD rating on the stock We value NTPC at Rs 122 i.e. 0.9x FY23E Book value.



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