ntpc share price to zoom over 20 per cent bernstein outperform demand power share price bse nse

2 hours ago 1

Shares of state-run inferior institution volition beryllium successful absorption successful Monday's commercialized (November 25) aft the planetary brokerage Bernstein has continued with its outperform standing connected the scrip with the people of Rs 440 per share. The people suggest an upside of implicit 20 per cent from the past close.

The brokerage's stake connected the banal is driven by a slew of factors including,

i) Accelerating powerfulness demand

ii) Evening shortages

iii) Cost of indebtedness advantage

iv) Receivable advantage

There mightiness not beryllium galore levers for upside beyond this, besides don’t spot a crushed for important downside, added the brokerage.

Furthermore, the brokerage pointed retired that the scrip trades astatine 16x FY25 Earnings & 10x EV/EBITDA that is successful enactment with planetary peers.

In the erstwhile trade, the banal settled higher by astir 3 per cent astatine Rs 365.7 per stock connected the BSE.

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