Back-to-back 52-week highs: This PSU multibagger company has completed the trial operation of its Thermal Power Project!
The stock has a PE of 10.88x whereas the sectoral PE is 29x with multibagger returns of 110 per cent in just 3 years.
NTPC Ltd informed the exchanges (BSE: 532555; NSE: NTPC) that based on the achievement of approved norms and due approvals, Unit-2 of 660 MW capacity of Stage-I (3 x 660 MW) of Barh Super Thermal Power Project in the State of Bihar, has successfully completed trial operation and consequently included in the installed capacity of NTPC Limited. With this, the installed capacity of NTPC Limited and NTPC group has become 57038 MW and 73024 MW respectively.
NTPC (National Thermal Power Corporation) Ltd along with its subsidiaries/ associates & JVs is primarily involved in the generation and sale of bulk power to state power utilities. The President of India owns the majority of the stake (51.10 per cent).
Talking about the financials, NTPC Ltd reported positive numbers in its financial results (Q4FY23 & FY23). The company has been maintaining a healthy dividend payout of 41 per cent.
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On Monday, shares of NTPC Ltd surged 0.62 per cent to make a new 52-week high of Rs 197.75 per share from its previous closing of Rs 196.55. At the closing bell, shares of the company ended the day in the red, down 2.04 per cent to Rs 192.55 per share. In the recent trading session, the stock is hitting back-to-back 52-week highs.
The stock has a PE of 10.88x whereas the sectoral PE is 29x with multibagger returns of 110 per cent in just 3 years. Furthermore, the stock is providing a good dividend yield of 3.63 per cent. Investors should keep this PSU stock under the radar.