52-week high alert: Maharatna multi-bagger stock NTPC rallies over 3%

Today, the shares of NTPC Limited soared 3.50%. Additionally, the stock hit a fresh 52-week high mark of Rs 358 apiece on BSE. Furthermore, the scrip witnessed a spurt in volume by more than 4.52 times. The company’s current market capitalisation is Rs 3,43,068.05 crore.

Recent development

The company has announced the board’s approval of investments totalling Rs 17,195.31 crore for Stage-III (2×800 MW) Singrauli Super Thermal Power Project. Furthermore, the approved projects encompass thermal power plants, seawater-to-green-hydrogen facilities, fly ash-based lightweight aggregate plants, and a 4G-ethanol plant.

Product-wise breakdown

The majority of the company’s product-wise revenue breakup is dominated by Energy, accounting for 95.84%. Regarding capacity, the breakdown is as follows: Coal holds the largest share at 81.4%, followed by Gas at 9.01%, Hydro at 5.16%, and Renewable Energy at 4.43%. There is no capacity recorded for Wind, Solar, or Thermal sources.

Shareholding pattern

In the December 2023 quarter, the promoter holding spearheaded by the President of India remained consistent at 51.10%. Concurrently, Foreign Institutional Investors elevated their stake from 16.69% to 17.05% during the same period.

Furthermore, the stock has witnessed significant buying activity as it has given multibagger returns of more than 105% in the last 1 year.

About the company

NTPC (National Thermal Power Corporation) Ltd, along with its subsidiaries, associates, and joint ventures, is primarily engaged in the generation and sale of bulk power to state power utilities. Additionally, the group’s activities encompass consultancy, project management, supervision, energy trading, oil and gas exploration, and coal mining.

Maharatna Companies are a prestigious category of status conferred upon select Central Public Sector Enterprises (CPSEs) by the Government of India. NTPC holds the esteemed designation of being a Maharatna company within this classification.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.