NTPC share price rises 4%, scales 52-week highs: Should you Buy, Sell or Hold?
Stock market today: NTPC share price with gains of more than 4%, was amongst largest Nifty-50 gainers and it scaled 52-week highs. Rising capacities and expansion plans keep investor confidence firm. Should you Buy, Sell or Hold the stock? Key Points
mintNTPC mulls new offers for green unit after withdrawn bid
Malaysian oil major Petroliam Nasional Bhd. made the highest offer of nearly 41.3 billion rupees ($503 million) for a 20% stake in NTPC Green Energy Ltd., according to people familiar with the matter. Key Points
FinancialexpressStock picks: Hindustan Aeronautics, NTPC - two PSU stocks that can give up to 22% upside; check details
The benchmark BSE Sensex has risen over 10% in the last six months and around 7.6% year-to-date (YTD). Meanwhile, PSU stocks, or shares of public sector enterprises, have seen a decent upward trend backed by strong fundamentals. Key Points
mintTransactions between 2 govt firms exempt from prior nod requirements by audit committee for RPTs, says Seb
The Securities and Exchange Board of India (Sebi) has clarified that transactions between two state-run companies do not need prior approval from the audit committee and shareholders for related-party transactions. The clarification followed after NTPC sought guidance about related party transactions under the Listing Obligations and Disclosure Requirements (LODR) rules. NTPC asked if the audit committee must approve transactions between it and PTC India and Energy Efficiency Services, where government of India nominee directors are appointed. Sebi said government nominees are on the boards of PTC and EESL, but neither are government companies, so the RPT exemptions do not apply. Key Points
Economic TimesNTPC Green Energy IPO: Check key dates, price band, and latest GMP
NTPC Green Energy IPO: The IPO is positioned as one of the largest in India this year, alongside Hyundai Motor India Ltd. and Swiggy Ltd. The anchor book will open for subscription on Monday. Key Points
India Today
UP Cabinet meeting: Two more 800MW power plants to come up in UP
“This initiative will advance through a 50-50 partnership between the state government and NTPC. The total project cost amounts to ₹8,624 crore, with the first unit expected to be operational in about 50 months, followed by the second unit in 56 months,” the minister said. Key Points
Hindustan TimesGovt allows NTPC to invest beyond prescribed limit in NGEL
The CCEA also exempted NGELs investment in NTPC Renewable Energy Limited (NREL) and its other JVs/subsidiaries subject to a ceiling of 15% of its net worth beyond the monetary ceiling of Rs 5,000 crore to Rs. 7,500 crore, towards achieving a target of 60 GW Renewable Energy (RE) Capacity by NTPC Limited. Key Points
Economic TimesIndia’s efforts to avoid a power crisis set to boost LNG imports
India is boosting fuel imports in order to meet soaring demand during the summer months. Gail India Ltd. will tap the seaborne market to supply state-run power producer NTPC Ltd., which has been asked by the government to run 5 gigawatts of plants to meet peak demand during April and May. NTPC estimates it will require 250 million metric standard cubic meters of the fuel during the two-month period. Key Points
Economic TimesRRB NTPC UG Recruitment 2024: Registration for 3445 posts begins today at rrbapply.gov.in, here’s how to apply
RRB NTPC UG Recruitment 2024 registration for 3445 posts begins today, September 21, 2024. The steps to apply is given here. Key Points
Hindustan TimesNTPC generation rises 11%, profit up 5.62%
NTPC coal stations achieved a plant load factor of 75.90% as against the national average of 64.21% during FY23. Key Points
Financialexpress
Malaysia's Petronas offers $460 million for stake in India's NTPC's green arm: Sources
The offer price was higher than the 30 billion rupees NTPC had been expecting when it asked for expressions of interest in NTPC Green Energy (NGEL) last year and was 78% above the second-highest bidder. It values the NGEL at $2.3 billion. Key Points
Economic TimesMalaysia's Petronas offers ₹3,800 crore for stake in NTPC's green arm, says report
The offer price was higher than the 30 billion rupees NTPC had been expecting when it asked for expressions of interest in NTPC Green Energy (NGEL) last year and was 78% above the second-highest bidder. It values the NGEL at $2.3 billion Key Points
mintJefferies reshuffles portfolio to use spare cash, sells 3 stocks and buys 6
We add Coal India, Honasa, Eicher, NTPC, HDFC Bank and ICICI Pru Life at the cost of cash, Marico, Maruti, Power Grid, Mahesh Nandurkar of Jefferies said, adding that cash is being redeployed as key macro concerns of higher US yields, rising oil prices and near-term state election results have subsided. Maruti was replaced with Eicher because two-wheeler demand is expected to grow at a faster pace than passenger vehicles over the next 2 years. Key Points
Economic TimesStocks to Watch: Adani Group, Paytm, SBI, Biocon, Vedanta, Delhivery
The Indian stock market ended in the red for eight days in a row with Nifty breaking below the Budget day low, key support of 17,353. In the last eight sessions, Sensex has dropped 3.8% while Nifty has fallen 4%. Key Points
mintInox Wind bags order of 150 MW wind power project from NTPC Renewable Energy
As part of the order, Inox Wind will supply and install existing and new technology Wind Turbine Generators. It will also be responsible for operation and maintenance (O&M) services for the project. Key Points
Financialexpress
Looking for power play? Buy these 5 stocks as SIP, says Sanjiv Bhasin
“You can add a Tata Power which will be the best power play on the private side but do not miss this basket of REC, PFC, NTPC, and Coal India and add an NMDC. If you bought these five stocks as SIP, you will be richly rewarded for the next six months but add Tata Power in that basket.” Key Points
Economic TimesBears Growl! Sensex tanks 600 points, gives up 64,000; Nifty tests 19,100
Among Sensex stocks, NTPC was the worst performer, followed by Infosys, Bharti Airtel and ITC. On the other hand, Tata Steel, Nestle India, SBI and Asian Paints were the only gainers. All sectoral indices traded in the green, with Nifty Metal craking the most, down over 2%. Realty index also tanked over 1.5% in the afternoon session. Key Points
Economic TimesStocks To Watch: Vedanta, Lupin, SBI Life, TechM, Bajaj Finance, Bajaj Finserv, Indian Oil, NTPC
Buzzing stocks: The SGX Nifty hinted at a positive start for domestic indices Nifty and Sensex in trade today. Here's a look at the key stocks to watch in trade. Key Points
FinancialexpressTata Steel, Kotak Bank, RVNL, NTPC, Adani Green Energy, Nestle India, Coal India, NDTV stocks in focus
The SGX Nifty hinted at a negative start for domestic indices BSE Sensex and NSE Nifty. Tata Steel, Kotak Bank and NTPC are some of the stocks to watch in trade today. Key Points
FinancialexpressStocks to Watch: Adani Enterprises, RIL, Tata Power, Vedanta, IDBI Bank, NTPC
Indian markets recorded a broad-based selloff on Tuesday as the focus shifted toward the upcoming RBI policy. Smallcap stocks continue to see a downward slope, while auto and IT stocks extended their losses. Also, bears held the grip of the market amidst a drop in investors' risk appetite and FY23 tax harvesting Key Points
mint