NTPC shares rise 3% after Q2 results. Why Jefferies and Nuvama remain bullish
NTPC shares rose after the state-owned power major reported a 14% YoY rise in standalone net profit to Rs 5,320 crore for Q2 FY27. Revenue grew 17% to Rs 45,752 crore, while EBITDA increased 9% to Rs 10,891 crore. The company also announced an interim dividend of Rs 3 per share, with November 6 set as the record date. Brokerages maintained their Buy ratings on the stock.
NTPC's shares surged over 3% to Rs 328 on the BSE following the state-owned power utility's Q2 results, as brokerages maintained their Buy ratings. The company reported a 14% YoY increase in standalone net profit to Rs 5,320 crore and a 17% YoY rise in revenue to Rs 45,752 crore. EBITDA grew by 9% YoY to Rs 10,891 crore. NTPC also announced a first interim dividend of Rs 3 per share, with the record date set for November 6.
Jefferies and Nuvama remain bullish on NTPC, with the former maintaining a Buy rating and target price of Rs 425, implying 34% upside potential, and the latter with a Buy rating and target price of Rs 400.
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