NTPC Share Price Target: Q3 results, a bullish 2024 outlook, and positive recommendations from Sharekhan and ICICIdirect.com indicate potential growth, making it an optimistic journey for investors
NTPC Share Price Target Q3 Result
State-owned NTPC Ltd, a major player in the power sector, reported a robust 7.3% YoY rise in consolidated net profit, reaching ₹5,208.9 crore for the third quarter ending December 31, 2023. However, the consolidated revenue from operations saw a 4% decline to ₹42,820.4 crore compared to the same period last fiscal.
The operating landscape for NTPC in Q3 FY 2023-24 presented challenges as consolidated EBITDA dipped 21.5% to ₹11,362.2 crore. The consolidated EBITDA margin also witnessed a decrease, standing at 26.5% in the reporting quarter compared to 32.5% in the corresponding period of the previous fiscal.
The company’s average tariff per unit showed a decrease, reaching ₹4.57 during April-December, compared to ₹4.96 a year ago. On a positive note, NTPC’s gross electricity generation witnessed an impressive increase to 89.467 billion units in Q3, up from 78.646 billion units in the same period last year.
Following the release of Q3 results, NTPC’s stock showed a positive response, with shares closing at ₹324.65, marking a 3.11% increase on the BSE. As NTPC continues to navigate through market dynamics, the company’s installed power generation capacity stands strong at 73,874 MW as of December 31, 2023.
NTPC Share Price Target Financial Outlook
Despite operational hurdles, the board of directors decided to reward shareholders with a second interim dividend at the rate of 22.5% (₹2.25 per share). The company aims to dispatch the dividend on February 22, 2024. This follows the first interim dividend declared earlier in the financial year.
NTPC highlighted that revenue from operations for Q3 and the nine months ending December 2023 included significant amounts from energy trading, amounting to ₹2,117.12 crore and ₹7,012.90 crore, respectively. This marked an increase compared to the corresponding periods in the previous fiscal.
NTPC Share Price Target Today
It seems like you’re mentioning the day range for NTPC shares, with a low (L) of ₹312.75 and a high (H) of ₹320.00. If the target is approximately ₹316, it suggests an anticipated movement within that range. Investors may observe how the market unfolds to see if NTPC’s share price reaches or hovers around the mentioned target of ₹316.
NTPC Share Price Target 2024
In the financial world, NTPC and its peers have been on a thrilling bull run in 2023, and the excitement doesn’t seem to be fading as we step into the first quarter of 2024. While the market gears up for some initial consolidation, the overall bullish sentiment is expected to persist.
According to the technical wizards, the crystal ball reveals a minimum share price target for NTPC at ₹320 and a maximum peak at an intriguing ₹343.68 in 2024. So, as investors buckle up for the ride, it seems like the NTPC stock is set to keep the adrenaline flowing in the new year.
- Initial Price Target for NTPC Ltd in 2024: ₹320
- Mid-Year Price Target with Favorable Conditions: ₹325.7
- End-of-Year Price Target in a Bullish Scenario: ₹343.68
NTPC Share Price Target 2025
January 2025 Target: The journey kicks off with a projected ₹366.11, setting a promising tone for the year.
Monthly Targets: The ride continues with monthly targets, showcasing the potential ups and downs. February aims for ₹371.4, while the subsequent months aim to maintain stability around the ₹363 mark.
Mid-Year Excitement: If the stars align with favorable conditions, we could see a mid-year peak of around ₹363.59.
Year-End Anticipation: As we close in on December 2025, the optimistic outlook points to a potential year-end target of ₹363.44, fueled by bullish market trends.
NTPC Share Price Target Broker Research
- Sharekhan’s Bullish Stance
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- Buy Recommendation (29 Nov 2023): Sharekhan recommends a Buy with a recommendation price of ₹258.40 and a target price set at ₹300. This suggests a promising upward trajectory.
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- Earlier Positive Signals (24 Aug 2023): A prior Buy recommendation from Sharekhan on 24 Aug 2023, reinforced confidence with a recommendation price of ₹220.75 and a target price of ₹260.
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- Strategic Call (01 Aug 2023): Another strategic move by Sharekhan on 01 Aug 2023, echoed positivity with a Buy call at ₹225.15, aiming for a target price of ₹260.
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- Historical Upside (19 May 2023): Sharekhan’s foresight on 19 May 2023, showcased a Buy stance with a recommendation price of ₹173.25 and a target price set at ₹200.
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- Initial Bullish Signal (01 Mar 2023): At the beginning of the year, Sharekhan initiated a Buy recommendation on 01 Mar 2023, with a recommendation price of ₹172.00 and a target price of ₹200.
- ICICIdirect.com’s Positive Outlook
- Encouraging Projection (27 Sep 2023): ICICIdirect.com adds to the positive sentiment with a Buy recommendation on 27 Sep 2023, at a recommendation price of ₹239.35, targeting ₹300.
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- Consistent Alignment: It’s noteworthy that ICICIdirect.com’s recommendation aligns with Sharekhan’s bullish stance, reinforcing the overall optimistic outlook.
These recommendations not only provide strategic guidance for investors but also create a sense of anticipation for the potential growth ahead.
Conclusion:
NTPC, despite facing Q3 challenges, reported a rise in profit and energy trading revenue. Positive market response boosted its stock. The 2024 outlook projects a bullish run, with a minimum target of ₹320. Sharekhan and ICICIdirect.com’s Buy recommendations add to optimism, signaling potential growth for investors in the power sector giant.