{"id":390854,"date":"2020-12-22T10:41:49","date_gmt":"2020-12-22T05:11:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390854"},"modified":"2020-12-22T11:57:17","modified_gmt":"2020-12-22T06:27:17","slug":"ntpc-rating-buy-doing-better-on-esg-front-is-not-difficult","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ntpc-rating-buy-doing-better-on-esg-front-is-not-difficult\/","title":{"rendered":"NTPC Rating \u2018Buy\u2019; doing better on ESG front is not difficult"},"content":{"rendered":"<p>NTPC stands out as one of the six worst-performing stocks on the Nifty 50 Index on YTD\/1Y\/3Y basis. The stock is down 14% YTD, trading at 0.8x FY22e PB (closest to its lowest range in ten years), 7x one year forward PE and 5.5% dividend yield. This is despite feeling minimal COVID-19 impact (we expect FY21 reported earnings growth of 23% y-o-y and 20% earnings CAGR over FY20-23e). We believe investor concerns surrounding ESG and government ownership are some of the key reasons for the underperformance. <\/p>\n<p>We think improving its ESG score and changing investor perceptions on government ownership is possible: While environment is a key reason for its low score,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NTPC stands out as one of the six worst-performing stocks on the Nifty 50 Index on YTD\/1Y\/3Y basis. The stock is down 14% YTD, trading at 0.8x FY22e PB (closest to its lowest range in ten years), 7x one year forward PE and 5.5% dividend yield. This is despite feeling minimal COVID-19 impact (we expect FY21 reported earnings growth of 23% y-o-y and 20% earnings CAGR over FY20-23e). We believe investor concerns surrounding ESG and government ownership are some of the key reasons for the underperformance. We think improving its ESG score and changing investor perceptions on government ownership is [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-390854","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=390854"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390854\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}