Investors Eye Long-Term Gains As NTPC Stocks Show Remarkable Performance

With a target price of Rs 400 per share, ICICI Direct suggests buying into NTPC stocks.

Government-owned company stocks, as per the latest trends, have been witnessing a notable uptrend in recent days. Notably, NTPC, one of these entities, has exhibited impressive performance over the past year, attracting attention from brokerage firms forecasting continued growth.

On Tuesday, NTPC shares reached a 52-week high of Rs 344.85, with a low of Rs 166.80, indicating a significant fluctuation in value. Brokerage firm Morgan Stanley remains bullish on NTPC’s prospects, foreseeing continued momentum and substantial profits in the future. Similarly, ICICI Direct shares a positive outlook on NTPC’s trajectory.

Recent reports highlight NTPC’s share growth of 9.39 per cent in the last month alone. Over the past six months, investors have enjoyed profits amounting to 54 per cent, while a remarkable 189 per cent gain has been recorded over the past five years, solidifying NTPC’s position as a lucrative investment option.

In line with its optimistic outlook, Morgan Stanley has raised its target price for NTPC shares, setting it at Rs 390 per share. Additionally, ICICI Direct advocates for long-term investment in NTPC, citing the company’s consistent capacity expansion and robust market position. With a target price of Rs 400 per share, ICICI Direct suggests buying into NTPC stocks.

NTPC, recognised as India’s largest power generator, commands approximately 16 per cent of the national capacity and contributes over 25 per cent to power generation. The company boasts a monthly electricity production of 25 billion units across its 55 operational power stations. Notably, NTPC was conferred the prestigious Maharatna status by the Union Government of India in May 2010, showing its significance in the country’s energy landscape. Furthermore, its global standing was acknowledged when it secured the 433rd rank in the Forbes Global 2000 list in 2023.

As investors continue to seek promising opportunities in the stock market, NTPC emerges as a compelling choice, offering steady growth potential and a solid foundation backed by its substantial market presence and governmental recognition.