NTPC Share Price Today Live Updates July 30, 2024: NTPC stock hits fresh high as Q1 profit rose 12%

NTPC shares trade at ₹406.15, up 3.12% on the BSE as at 1.06 pm. 

On the NSE, the stock trades at ₹406.45, higher by 3.19%.

Shares of NTPC traded at ₹407.10 on the NSE, up 3.35% as at 12.45 pm.

Top gainers on the NSE as at 12 noon:

BPCL (5.50%), Tata Motors (4.54%), NTPC (3.80%), Power Grid (3.56%), Coal India (1.86%)

Top losers:

Hindalco (-1.42%), LTIMindtree (-1.06%), Ultratech Cement (-1.05%), Cipla (-0.99%), ITC (-0.95%)

GE Power India Limited has received the purchase orders from NTPC Limited and SNJ Distillers Private Limited for ₹3.51 crore. 

GE Power stock trades at ₹517.30 on the NSE, down by 0.38%.

NTPC stock surges 3.91% on the NSE, trading at ₹409.30.

NTPC shares rise 3.72% on the NSE, trading at ₹408.55 as at 11.04 am.

Ritco (10.27%), Jindal Saw (6.95%), Suzlon (4.99%), Power Grid (4.09%), Nuvama (3.99%), NTPC (3.64%)

Slow & silent on RE; Thermal to drive growth

Revenue for 1QFY25 stood at INR 485bn, +13%/ +2%/ +9%/ +5% YoY/ QoQ/ JMFe/ Cons due to 11% higher generation. The EBITDA came in at INR 140bn, +9%/ -1%/ +6%/ +2% YoY/ QoQ/ JMFe/ Cons. The adj. PAT came in at INR 55bn, +12%/ -15%/ +4%/ +4% YoY/ QoQ/ JMFe/ Cons. The plant load factor (PLF) for coal-fired plants stood at 80.39% v/s national average of 76.19% driven by higher energy/peak power demand (10%/11.5%). Given the revival in margin-accretive thermal capex (26GW capacity addition by FY32) and momentum in new growth areas viz. nuclear power (allotted 2.8GW) and coal mining (86MTPA capacity) , we maintain our BUY rating on the stock with a revised TP of INR 451 valuing at 3xFY26E Regulated Equity of thermal business and 12x FY26E EBITDA of RE business. 

Shares of NTPC were up 3.22% on the NSE to trade at ₹406.60 as at 10.09 am.

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Jefferies on NTPC

Buy Call, Target Raised To Rs 485

Q1FY25 Profit Was 11% Above Expectations

Fixed Cost Under Recovery Was `200 Cr Vs `100 Cr YoY, Impact Was Offset By Higher Coal/Gas PLFs

Q1 Capacity Addition Was Muted At 90 MW

Management Guides For 23 GW Addition Over FY25E-27 Led By Renewables

Renewable Energy Capacity Ramp-Up Remain Re-Rating Drivers

Pilot Initiatives On Green Hydrogen Remain Re-Rating Drivers

CLSA on NTPC

O-P, TP Rs 441

1Q rec. PAT up 23% YoY(5% ahead of est.)

on 13% regulated equity growth & favourable regulations FY24-29

Core execution robust but renewable disappointed

Co claimed it had pipeline of 26GW of regulated projects & 24GW in non-fossil projects

HSBC on NTPC

Hold, TP Rs 355

NTPC’s analyst meeting was all about thermal; management did not comment on renewable plan, citing upcoming IPO

Intends to order out 15GW over next two fiscal years, install 60GW by 2032, & progress nuclear capacity

BOFA Sec on NTPC

U-P, TP Rs 271

Earnings in line; capacity additions guidance upgrade; see delays

Thermal ordering guidance maintained: 15.2GW by FY27

State-run NTPC on Saturday reported a 12 per cent Y-o-Y growth in its consolidated net profit at ₹5,506 crore during the April-June quarter of the current financial year.

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