India's NTPC rises as HSBC upgrades to 'buy', sees long-term growth

NTPC

11/09/2025 09:40

** Shares of NTPC NTPC.NS rise 2% to 332 rupees

** HSBC upgrades power producer's rating to "buy" from "hold", raises PT to 400 rupees from 385 rupees, implying 22.8% upside from last close

** Says co is at the forefront of power management and generation, with the latest in the repository being battery and nuclear

** Adds that more than half of the firm's 7 trillion rupees  ($79.2 billion) planned capex by 2032 is under a regulated tariff mechanism, providing superior long-term earnings certainty

** Highlights that thermal execution delays are getting sorted, with two thermal plants (1.3GW) commissioned and another 1.4GW likely by end-FY26

** NTPC rated "buy" by 24 analysts on average; median target price is 433 rupees – data compiled by LSEG

** Stock down 0.3% YTD

($1 = 88.3400 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))