NTPC shares rise 3% on Bernstein's 'outperform' call; 20% upside seen
Mon, Nov 25, 2024 9:51 AM

NTPC shares rise 3% on Bernstein's 'outperform' call; 20% upside seen

A Flip by Avya Verma
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Shares of NTPC surged 3 percent to Rs 377 in morning trade on November 25, extending gains for the second consecutive trading session after Bernstein maintained an 'outperform' rating on the company and raised the target price. With a target price of Rs 440, citing robust power demand, evening shortages, and the company’s cost-of-debt advantage as key drivers.

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