Motilal Oswal reiterates Neutral NTPC stance; target Rs 378
Motilal Oswal issued a research report on NTPC, citing potential sector upside from stronger-than-expected power demand growth. It sets a base case of ~6% vs ~5% earlier and gives NTPC a Rs 378 target.
Motilal Oswal's research report on NTPC sees potential upside to the sector’s ~86GW thermal capacity addition requirement, supported by stronger-than-expected power demand growth, with the base case now at ~6% versus ~5% earlier. The report says the ISTS transmission charge waiver for RE projects is being phased out in the next…