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Stock Market: The power of NTPC i.e. National Thermal Power Corporation has increased. Due to this, the shares of this company are expected to go up considerably. The electricity production of this government power company has increased by 3.82 percent in this financial year i.e. between April and December of 2024. Earlier the power generation capacity of NTPC was 76,598 MW. There has been an increase of 2724 MW in the last nine months. For this reason, there is likely to be a good focus on NTPC shares at present. Meanwhile, global brokerage firm Investec has maintained the buy call of NTPC Limited among power companies. However, Investec has reduced its target price from Rs 457 per share to Rs 421. It is likely to go up by 26 percent from the closing price of the last session.
Correction has taken place up to 25 percent from peak high
NTPC shares have corrected by 25 percent from its peak high. According to Investec, stock correction gives a good opportunity to investors. The company has a strong and stable base of coal based power generation. It is very low risk with a regulated business model. By increasing its renewable energy capacity, the company is also trying to establish its dominance in the field of clean energy.
NTPC is going to set up nuclear plant in Bihar
NTPC has not only increased its power generation capacity, but has also increased its coal production capacity by 23 percent between April and December 2024. Meanwhile, 30.88 million tonnes of coal has been extracted from its mines. This meets more than 76 percent of NTPC’s power generation needs till December. Apart from this, NTPC is also going to set up a nuclear power plant in Bihar. NTPC CMD Gurdeep Singh said that this will increase the non-fossil energy portfolio of the company.
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