Therefore, Morgan Stanley suggests that the company is also starting to see an improvement in its thermal business, which will aid impetus other than the fact that a lot more is happening in its renewable business as well.
In fact, it values the renewable business separately at around Rs 18 per share and its renewable business is valued at around 12 times EV/EBITDA.
Also Read: Green foray: Mahindra Lifespaces' net-zero energy housing project at 5% premium in Bengaluru
These are some of the factors why a Morgan Stanley is bullish on NTPC and perhaps one of the many reasons behind the stock’s upmove.
Watch the accompanying video of CNBC-TV18’s Agam Vakil for more details.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Phase five Lok Sabha polls: Rae Bareli, Amethi among 14 UP seats going to polls on Monday
May 19, 2024 1:03 PM