NTPC share price target 2024: Rs 12k cr fund raising plan, stock up 100% in 1 yr - BUY, SELL or HOLD?
ntpc share price target 2024: rs 12k cr fund raising plan, stock up 100% in 1 yr - buy, sell or hold?
NTPC share price target 2024: Shares of National Thermal Power Corporation (NTPC) have doubled investors' wealth over the past one year, with a return of 100%. The stocks are up around 5.71% in the past one month to trade at Rs 378.50 per share as of June 30, 2024. NTPC also announced the fund raising plan up to Rs 12,000 crore via non-convertible debentures (NCDs) on a private placement in domestic market.
The power PSU is a multibagger stock, with a consistent positive returns to the investors. Is it time to invest in the power PSU stock? Let's see what the market expert suggests for NTPC stocks at this moment.
NTPC share price target
In ET Now Swadesh's special show, market expert Sumit said, "There will be a wait-and-watch scenario here. The position will still be around Rs 392-393, which will act as a resistance. Those who already have holdings should maintain a stop-loss at Rs 364. If the Rs 392-393 level is crossed, the next target will be Rs 430, which will be an approximate 10% upward move from here. So, wait a bit and keep it on the radar for a new entry as well."
NTPC Share Price
On Friday June 28, NTPC shares saw an increase, trading at Rs 378.35, up by 1.75 points or 0.46%. NTPC's 52-week high is Rs 395, and its 52-week low is Rs 184.75. The company's market cap is Rs 3,66,873.36 crores.
NTPC Share Price History
According to BSE Analytics, the stock has given its investors a return of 12.62% over the past 3 months. In the last 6 months, its shares have seen a rise of 20.44%. Over the past 2 years, NTPC shares have provided investors with a return of approximately 173.08%.
About NTPC
According to the company's official website, NTPC was established in 1975. NTPC is a major energy group in the country. It was established to accelerate power development in India. Since then, NTPC has established itself as a major force with a presence across the entire value chain of the power production business.