Stock Market: The power of NTPC i.e. National Thermal Power Corporation has increased. Due to this, the shares of this company are expected to go up significantly. The power generation of this government power company has increased by 3.82 percent in this financial year i.e. between April to December 2024. Earlier, the power generation capacity of NTPC was 76,598 MW. It has increased by 2724 MW in the last nine months. Due to this, there is a possibility of good focus on NTPC shares for the time being. Meanwhile, global brokerage firm Investec has maintained the buy call on NTPC Limited among power companies. However, Investec has reduced its target price from Rs 457 per share to Rs 421. It is expected to go up by 26 percent from the closing price of the previous session.
There has been a correction of 25 percent from the peak high
NTPC shares have corrected by 25 per cent from its peak high. According to Investec, stock correction gives investors a good opportunity. The company has a strong and stable base of coal-based power generation. It is very low risk with a regulated business model. By increasing its renewable energy capacity, the company is also trying to establish its supremacy in the field of clean energy.
NTPC is going to set up a nuclear plant in Bihar
NTPC has not only increased its power generation capacity, but also increased its coal production capacity by 23 percent between April and December 2024. Meanwhile, 30.88 million tonnes of coal has been extracted from its mines. This meets more than 76 percent of NTPC's power generation needs till December. Apart from this, NTPC is also going to set up a nuclear power plant in Bihar. NTPC CMD Gurdeep Singh said that this will increase the company's non-fossil energy portfolio.
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