Motilal Oswal recommends ‘buy’ on NTPC, sees 44% upside in stock
New Delhi: Motilal Oswal Financial Services (MOFS) has recommended a ‘buy’ on shares of state-owned NTPC Ltd as it expects higher savings for the company due to Central Electricity Regulatory Commission’s (CERC) order.
The financial service firm sees a 44% upside in the stock and has set a target price of ₹164.
At 1.50 pm, shares of NTPC were at ₹112.25, down 0.27% from previous close.
The Security Constrained Economic Dispatch (SCED) scheme — planned to optimize sourcing from thermal inter-state generating stations (whose full capacity is tied up and regulated with CERC) — will help NTPC reap benefits of around ₹400 crore, the brokerage firm said.
