Share price of this large-cap Maharatna stock moved up by 8.8 percent to an all-time 52-week high of Rs 390.60 per share on June 3rd, compared to its previous closing price of Rs. 358.90 per share, after the company commissioned a solar project of 33 MW.
With a market capitalization of Rs. 3,78,073.01 crores, at 12:32 p.m. the share price of National Thermal Power Corporation Ltd (NTPC Ltd) was trading in the green at Rs. 382.00 a piece, up by 7 percent.
The fluctuation in the share prices were observed after the company commisioned the second and last part capacity of 33 MW out of 90 MW Anta Solar PV Project at Anta, Rajasthan.
According to the company filings, the total installed and commercial capacity of NTPC on a standalone and group basis has become 59168 MW & 76048 MW respectively.
Taking the company’s financials into consideration, the company’s revenue from operations grew by 11.2 percent from Rs.42,820.38 crores in Q3FY24 to Rs. 47,622.06 crores in Q4FY24.
The net profit of the company also increased by 24.5 percent from Rs. 5,208.87 crores in Q3FY24 to Rs. 6,490.05 crores in Q4FY24.
The shares of this firm have generated an overall multi-bagger return of 120.7 percent over the past year and 40.07 percent for the last 6 months
Recent shareholding pattern as of March 2024 shows that promoters held 51.1 percent of the shares, the public holds 3.49 percent, foreign institutional investors holding 17.86 percent and the domestic institutional investors held 27.55 percent.
The company derives its revenues from various energy assets such as coal and hydro stations, renewable energy, coal mines and gas stations.
Incorporated in November 1975, National Thermal Power Corporation Ltd (NTPC) is India’s leading company primarily involved in the generation and sale of bulk power to State power utilities. The company is also engaged in the business of providing consultancy, project management & supervision, energy trading, oil & gas exploration, and coal mining.
Written by Zahal
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