NTPC, India’s largest integrated power company, boasts an installed capacity of approximately 76 GW and aims to expand to 130 GW by 2032. Additionally, the company plans to reach 600 billion units in fuel mix by the same year. NTPC was designated a Maharatna corporation in May 2010 and is ranked as the second-largest Independent Power Producer (IPP) in Platts’ list of the Top 250 Global Energy Companies. Beyond power generation, NTPC has diversified into coal mining, ash utilization, rural electrification, power trading, consulting, and training for power professionals.
On October 24, 2024, NTPC’s Board of Directors will convene in New Delhi to review the unaudited financial results for the quarter and half-year ending September 30, 2024. During this meeting, they may also consider declaring an interim dividend on the company’s equity share capital for the financial year 2024-25. The company has set November 2, 2024, as the record date for determining shareholder eligibility for the dividend, should it be declared. As a reminder, shareholders are encouraged to refer to NTPC’s investor communication regarding changes in dividend taxation effective from April 1, 2020. Furthermore, the trading window for NTPC securities, which has been closed since October 1, 2024, will remain closed until October 26, 2024, in compliance with insider trading regulations.
In a related announcement, NTPC will host a conference call on October 24, 2024, where senior management will discuss the company’s Q2 FY25 results and engage with analysts and investors.
According to Kunal V Parar, VP of Technical Research and Algo at Choice Broking, NTPC’s stock is showing strong positive momentum, supported by its 50-day moving average and trading within an upward-rising channel. The stock is in uncharted territory with above-average volume, indicating potential for significant upward movement. The daily Relative Strength Index (RSI) is above 50, reflecting positive market sentiment. Based on this analysis, a price target of 455 to 500 is anticipated, with a strict stop-loss set at 400.
Disclaimer: This communication is for informational purposes only and should not be construed as financial advice. The opinions expressed herein are those of the author and do not necessarily reflect the views of any affiliated parties. Investments in securities, including shares of NTPC, involve risks, including the loss of principal. Past performance is not indicative of future results. Investors should conduct their own research or consult with a qualified financial advisor before making investment decisions. The author and any affiliated entities do not assume any liability for any loss or damage arising from the use of this information.
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