Buy NTPC With Stop Loss Of Rs 191
Stock market analyst Hitesh Chotalia has maintained ‘buy’ rating on NTPC Ltd stock to achieve an intraday target of Rs 205.
According to analyst, the interested investors can buy the stock with strict stop loss of Rs 191.
The stock of the company, on August 31, closed at Rs 195.75 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 241.70 and a low of Rs 193 on BSE.
Current EPS & P/E ratio stood at 10.16 and 19.36 respectively.
NTPC has inked a MoU with the Bangladesh Power Development Board (BPDB) with the aim to establish thermal power projects of 1,320 MW in Chittagong and Khulna.
The total expenditure to be made on the coal-fired power facilities stood around Rs 13,200 crore.
The new thermal power facilities are anticipated to be set up on a 50:50 equity basis.
As per fresh reports, one more associate is expected to link NTPC and Bharat Forge in their JV for making power equipment.
NTPC and Bharat Forge Ltd (BFL) had jointly set up a company named as BF-NTPC Energy Systems Ltd in June, 2008 to set up a manufacturing plant to make castings, forgings, fittings, balance of plant equipment for power projects.
“BFL-NTPC is looking for a third partner in their joint venture,” a source said, and added that the JV firm is mainly scouting for a technology provider.