Explore the potential trajectory of NTPC share price post-Q3 results. Gain valuable insights into the factors influencing investor sentiment and expert forecasts for NTPC’s future performance.
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NTPC Share Price Target:
National Thermal Power Corporation (NTPC) is the country’s largest thermal power company. This Maharatna Company was established in the year 1975. Its installed capacity is 72254 MW based on March 31, 2023. The plan is to add 20 GW capacity in the next five years. The company recently announced its Q3 results. At present, the share price of NTPC is Rs 315. 85% return in 1 year. Know what strategy investors should adopt next.
Super bullish on NTPC shares
Brokerage firm Nuvama has given an aggressive target for the stock. It has upgraded its old target by 43%. According to the report, the company has increased thermal capex. NTPC has now set a target of 16.8 GW capacity expansion, which was earlier 11GW. A 10GW project is already under construction. Recently, the Central Electricity Regulatory Commission (CERC) has been implemented for the next four years. This will help in the operational boost of the company’s old thermal plants. As a result, the return on equity (ROE) is likely to increase by 1.5%.
Increased its target by 43%
Nuvama is super bullish on this PSU stock and has raised the target by 34% from Rs 274 to Rs 367. The target for the bull case is Rs 392, which is 43% higher than the old target. The brokerage has maintained BUY rating. It believes that the company’s return on equity could increase from 16.5% to 19.5%. Based on the December quarter results, the core return on equity Q 3/9 MFY has been 24.18.6% / 17%. Also know the targets of other brokers.
NTPC Share Price History
Shares of National Thermal Power Corporation closed at Rs 315. The 52-week high is Rs 326, which is its all-time high. On a closing basis of January 30, the stock has jumped 35 per cent in three months, 45 per cent in six months and 85 per cent in one year. In 2023, the stock had made a low of Rs 162 on February 3. It has doubled. In 3 years, this stock has given a return of 260 percent.
Standalone Q3 Results
According to information available on the BSE website, the operating revenue on a standalone basis stood at Rs 39455 crore as against Rs 41410 crore in the same quarter a year ago. So far in 9 months of FY24, the operational income was Rs 119453 crore. Net worth is Rs 145435 crore on Q3 basis as against Rs 136612 crore a year ago. On an annual basis, EPS (earnings per share) stood at Rs 4.71 per share, which was Rs 4.62 per share a year ago. The net profit margin stood at 11.59 per cent as against 9.50 per cent a year ago. The operating profit margin stood at 20.40 per cent as against 18.34 per cent a year ago. The debt to asset ratio stood at 0.47 per cent.
Consolidated Q3 Results
On a consolidated basis, net profit stood at Rs 5155 crore as against Rs 4776 crore a year ago. Operational revenue stood at Rs 42,820 crore as against Rs 44,602 crore a year ago. His net worth is Rs 155744 crore. Earnings per share stood at Rs 5.32, down from Rs 4.93 a year ago. The profit margin stood at 12.16 per cent as against 10.51 per cent a year ago. The operating margin stood at 21.41 per cent as against 20.51 per cent a year ago. The debt-to-asset ratio is 0.49%.
NTPC Dividend Details
The Maharatna company has declared a second interim dividend of 22.50 per cent, or Rs 2.25 per share, based on the face value of Rs 10. The dividend will be paid by February 22. The record date has been kept as February 6 (NTPC Dividend Record Date). Earlier in FY24, the company had declared an interim dividend of Rs 2.25. The dividend yield is 2.3 per cent. This means that if 1000 rupees are invested in this stock, then 23 rupees will be received as a dividend every year.
DIIs shares fall, FIIs gain
Talking about the share holding pattern, the share of DIIs is 28.8% on the basis of the December quarter. It was 29.12 per cent in the September quarter, 30.3 per cent in the June quarter and 30.61 per cent in the March quarter. In this category, the mutual fund has reduced its stake from 19.34% to 19.14%. Now the money of 38 MF schemes instead of 35 is invested in this stock. The share of FIIs stood at 17.05 per cent in the December quarter as against 16.69 per cent in the September quarter and 15.8 per cent in the June quarter.
ITC Share price after Q3 results:
NTPC Share Price Target After Q3 Results: FAQs
- What were the highlights of NTPC’s Q3 results? NTPC’s Q3 results showcased resilient revenue growth and robust operational performance driven by its diverse portfolio of power projects. The company’s focus on cost optimization and renewable energy expansion initiatives contributed to its positive performance.
- How have investors responded to NTPC’s Q3 results? Investor response to NTPC’s Q3 results has been largely positive, reflecting confidence in the company’s strategic direction and growth prospects within the energy sector.
- What are expert forecasts regarding NTPC share price target post-Q3 results? Expert forecasts for NTPC share price target post-Q3 results vary, with some analysts projecting bullish trends based on strong financial fundamentals and the company’s strategic initiatives.
- What role do regulatory factors play in determining NTPC share price outlook? Regulatory factors, including government policies and sectoral regulations, can significantly impact NTPC share price outlook by influencing market sentiment and investor confidence.
- Are there any upcoming catalysts that could impact NTPC share price? Potential catalysts such as new project announcements, policy developments, or sectoral reforms could impact investor sentiment and influence NTPC share price in the near term.
- How does NTPC’s focus on sustainability impact its share price target? NTPC’s focus on sustainability and renewable energy initiatives is viewed positively by investors, contributing to its long-term growth prospects and potentially enhancing its share price target.
Conclusion: Navigating the Path Ahead
As investors navigate the evolving landscape of the energy sector, expert forecasts and market dynamics will shape the trajectory of NTPC’s share price. By staying informed about sectoral trends, regulatory developments, and NTPC’s strategic initiatives, investors can make informed decisions regarding their investment in NTPC.