Buy NTPC, target price Rs 125: Emkay Global

Emkay Global has buy call on NTPC with a target price of Rs 125. The current market price of NTPC Ltd. is Rs 98.05 .

NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 97263.50 Crore) operating in Power sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 27707.76 Crore, up 5.78 % from last quarter Sales of Rs 26194.76 Crore and up 13.28 % from last year same quarter Sales of Rs 24459.70 Crore Company reported net profit after tax of Rs 3343.19 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51 per cent stake in the company as of Sept 30, 2020, while FIIs held 11.4 per cent, DIIs 34.9 per cent and public and others 2.7 per cent.