NTPC Stock Target: NTPC, one of India’s leading energy producers, has seen remarkable growth in its stock price recently. Multiple market analysts have provided a positive outlook on NTPC stock, suggesting a target price between ₹450-500. Additionally, the government has approved a joint venture between NPCIL and NTPC, which will drive a nuclear energy project in Rajasthan.
Highlights:
व्हाट्सप्प चैनल या व्हाटप्प ग्रुप में दिए गए कूपन कोड को डालें -
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- NTPC Stock Surge: 18 analysts have set the stock’s target price between ₹450-500.
- Expert Recommendations: ICICI Direct and Axis Director have recommended buying the stock.
- Joint Venture Approval: The government has approved a nuclear energy project between NTPC and NPCIL in Rajasthan.
- Stock Performance: NTPC stock has seen a 71.56% increase over the past year.
- Long-term Return: Over the past 5 years, NTPC has delivered a 245.26% return.
| Stock | Details |
|---|---|
| Stock Price | ₹413.80 |
| Market Cap | ₹4,01,587 crore |
| 52-Week Low | ₹227.75 |
| 52-Week High | ₹426.30 |
| 1-Year Return | 71.56% |
| 5-Year Return | 245.26% |
NTPC Stock Target
Current Performance of NTPC and Analyst Opinions
NTPC, one of the largest energy producers in India, has been in the limelight due to the recent rise in its stock price. On September 11, NTPC was trading at ₹389.65, and by September 18, it had climbed to ₹413.80, with slight fluctuations in between.
Analyst Predictions
According to 18 brokerages and analysts, NTPC’s stock is expected to perform even better in the coming days.
- ICICI Direct: ICICI Direct has set a target price of ₹500 for NTPC.
- Axis Direct: Axis Director has set a target of ₹450 for the stock.
These recommendations indicate that NTPC is a strong investment option for investors.
New Joint Venture Project for the Company
On September 17, NTPC made a major announcement that the government has approved a new joint venture project. This joint venture will be between NTPC and NPCIL, where NTPC will hold a 49% stake, and NPCIL will hold a 51% stake. The project will be set up in Rajasthan’s Mahi Banswara, comprising four units of 700 MW each.
Key Points of the Project:
- Four units will be established, all based on indigenous Pressurized Heavy Water Reactor (PHWR) technology.
- Under the provisions of the Nuclear Energy Act, the government has granted approval to build, operate, and expand nuclear energy plants across the country.
- Both NPCIL and NTPC are set to make significant investments in this project, with NPCIL investing ₹500 crore and NTPC over ₹5000 crore.
Also Read: Suzlon Energy Shares Hit 52-Week High: Will It Reach Rs 100 Soon?
Future Opportunities for NTPC
With the recent surge in NTPC’s stock price and the company’s new ventures, several opportunities seem to be on the horizon. The target price of ₹450-500 set by 18 analysts shows that NTPC investors could reap significant benefits in the future. Additionally, the government’s approval of the nuclear energy project further strengthens the company’s long-term prospects.
FAQ
What is the current stock price of NTPC?
NTPC’s current stock price is ₹413.80.
What target price have analysts set for NTPC stock?
18 analysts have set a target price between ₹450 and ₹500 for NTPC stock.
What is the new project for NTPC?
NTPC has announced a joint venture with NPCIL for a nuclear energy project in Rajasthan.
What is the 5-year return on NTPC stock?
NTPC stock has delivered a 245.26% return over the past 5 years.
What technology will be used in the NTPC and NPCIL joint venture?
The project will use indigenous Pressurized Heavy Water Reactor (PHWR) technology.
