NTPC share price was up 2 percent intraday on November 27 after CLSA maintained buy call on the stock.The global research firm has retained buy on the stock with a target of Rs 140 per share. The company has started leading the RE space, winning 44 percent of 1.1 GW in tenders. The win should add 9 percent to the company’s RE portfolio and could earn 11.4 percent equity IRR. This should address its growth and energy mix concerns, according to a CNBC-TV18 report.CLSA believes that the win should improve visibility of the company’s beating its 30 percent non-fossil target. It has maintained buy call on its improving ESG, deep-value multiples and high yield.Close The stock was trading at Rs 95.75, up Rs 1.65, or 1.75 percent at 09:46 hours. It has touched an intraday high of Rs 97.00 and an intraday low of Rs 95.50. related news Gainers & Losers: 10 stocks that moved the most on November 27 D-Street Buzz: Nifty Auto outperforms led by Tata Motors, TVS Motor; Ashok Leyland, Exide up 4-5% Talbros Automotive shares rise 5% on agreement with Japanese partner According to Moneycontrol SWOT Analysis powered by Trendlyne, the stock is showing strong momentum:… Read full this story
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