Breaking barriers: large-cap stock rockets to new 52-Week High; do you own it?
The President of India owns 51.10 per cent in this company.
On Friday, the shares of NTPC Limited hit new 52-week high of Rs 191.65 per share on BSE. the intraday high and low are Rs 191.65 per share and Rs 187.75 per share, respectively on BSE. During today's trading session, the Nifty increased by 0.65 per cent, while the Sensex increased by 0.71 per cent.
NTPC Limited, formerly recognized as National Thermal Power Corporation, stands as a notable Indian central Public Sector Undertaking, operating under the jurisdiction of the Ministry of Power, Government of India. The company focuses on electricity generation and related ventures, exemplifying its dedication to the power sector. Headquartered in New Delhi, NTPC serves as a prominent entity in the domain.
The consolidated financial results of NTPC Limited for Q4FY23 reported total sales of Rs 44,253 crore and witnessed a surge of 18.31 per cent, YoY basis, from last year's same quarter. In similar fashion operating profit increased by 4.51 per cent from corresponding quarter last year to Rs 11,942 crore. PAT (profit after tax) decreased by 6.30 per cent from March 2022 quarter to report Rs 4,872 crore.
Correspondingly, consolidated financial statements for FY23 reported its total sales of Rs 176,207 crore, up by 32.81 per cent over FY22. Operating profit stood at Rs 47,316 crore, up by 17.21 per cent compared to previous year. Net profit of the company increased 0.94 per cent from FY22 to report Rs 17,121 crore.
The stock presents an attractive dividend yield of 3.66 per cent, signifying a favorable return on investment for shareholders. Furthermore, the company consistently maintains a robust dividend payout ratio of 41.0 per cent, underscoring its commitment to rewarding investors with a substantial portion of its earnings.
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The President of India owns 51.10 per cent in this company. The stock has witnessed significant buying activity as it has given returns of more than 30 per cent in just 1 year. Investors should keep a close eye on this trending large-cap stock.