State-run NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion’s share will be contributed by NTPC ($71 million) followed … Read more
State-run NTPC on Saturday reported a 38% year-on-year jump in consolidated net profit to Rs 4,726.40 crore for the quarter ended September 2023, up from Rs 3,417.67 crore in the year-ago period. However, it was down 3.6% sequentially. The company had reported a consolidated profit after tax of Rs 4,907.13 crore in the June-ended quarter. … Read more
Shares of NTPC jumped over 5% on the NSE to the day’s high of Rs 196.65 after Goldman Sach initiated coverage on the largecap PSU stock with a ‘Buy’ rating. The move triggered strong buying action with over 1 crore shares changing hands around 9:50 am. The multinational US-based brokerage has put a price target … Read more
Shares of NTPC inched higher in Friday’s trade ahead of the company’s financial result for the quarter ended June 30 later in the day. The scrip traded 0.23 per cent up at Rs 87.40 at around 9.23 am (IST), while the benchmark BSE Sensex was up 0.44 per cent at 38,479 at around the same … Read more