BUZZ — Axis Capital cuts India's NTPC Green PT on slower capacity additions

* Axis Capital maintained its "Buy" rating on NTPC Green Energy but cut its PT to 113 rupees from 125 rupees, citing slower-than-expected capacity additions * Brokerage cut its capacity-addition assumptions to about 5.5 GW annually over FY28-30, from about 7 GW earlier, and said co's target of reaching 60 GW by 2032 appears aspirational * The brokerage said NTPG's renewable-energy portfolio has remained at about 32 GW since FY25, with project execution lagging expectations despite a pipeline of contracted and strategic projects *The slower ramp-up prompted Axis to also cut its FY28 and FY29 EBITDA estimates by 23% and 28%, respectively * Seven analysts covering the stock have "hold" rating on avg; median PT is 100 rupees - LSEG data * Shares of NTPG up 0.3% to 87.89 rupees; YTD down ~7.8% (Reporting by Urvi Dugar in Bengaluru) ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;)