IndiaCatalog.com
India News
Search Web Directory
News Home
NTPC rallies to near 1-month high after Jefferies raises share price target
Posted on 17th December 2018
Shares of state-run major NTPC surged in early trade Monday after global brokerage Jefferies said that the PSU will benefit from Central Electricity Regulatory Commission (CERC) latest decision. NTPC share price rallied 5.8 per cent to hit the day’s high at Rs 151.35. The CERC, in its draft, allowed energy charges per unit of power to be calculated with a variation of 85 kilocalorie to billing on actual gross calorific value of coal received, giving NTPC the benefit of about 2.7 per cent on its coal cost, Jefferies noted.

“With the regulation overhang behind us, we think NTPC should see a reversal of the recent correction,” the global firm said. Jefferies has raised the target price to Rs 210 from Rs 143.50; while at the same time maintaining a “buy” call n the stock. Notably, the stocks rally marks NTPCs biggest intra-day gain in 6-months.

With the regulation overhang behind, NTPC should see a reversal of the recent correction, Jefferies also said. The global brokerage also raised the target price to Rs 210 from Rs 143.50 and maintained ‘buy’ on the stock.

Meanwhile, after opening higher, the domestic headline indices– Sensex and Nifty– rallied further despite weak macro cues. Sensex is up 307 points to 36,268.18, while the Nifty 50 is trading firmly above the 10,850-level. VEDL share price gained by more than 5 per cent on Monday morning after NGT allowed the firm to resume operations in the Toothukudi copper smelter plant. Jet Airways share price slumped 4.8 per cent after reports that turnaround-man Nikos Kardassis has exited the firm.

Related Companies: NTPC Limited   

Other Latest News
ICICI Bank shares gain 3% after setting floor price for QIP issue
Posted on 11th August 2020
Shares of ICICI Bank gained as much as 3 per cent to Rs 374.15 on the BSE on Tuesday after the private lender launched its qualified institutional placement (QIP), setting the floor price at Rs 351.36 per share.

The bank plans to raise up to Rs 15,000 crore to support business growth and create a buffer to absorb any shock from the economic disruption caused by the coronavirus pandemic.

Axis Bank raises Rs 10,000 cr via allotment of equity shares to QIBs
Posted on 11th August 2020
Private sector lender Axis Bank on Tuesday said it has raised Rs 10,000 crore through allotment of equity shares to qualified institutional buyers (QIB).

Last week, Axis Bank had set a floor price of Rs 442.19 per equity share for its proposed Rs 15,000-crore qualified institutional placement (QIP).

JSW Steel production rises 9% in July at 1.2 million tonnes
Posted on 11th August 2020
JSW Steel, the flagship business of 12 billion dollar JSW Group, on Tuesday reported crude steel production of 12.46 lakh tonnes in July, up 9 per cent from 11.44 lakh tonnes in the previous month.

In July last year, however, it had recorded crude steel production of 13.17 lakh tonnes, it said in a statement. The average capacity utilisation was 83 per cent as against 76 per cent in June.

Hyundai Creta's sales milestone, crosses 500,000 mark in domestic market
Posted on 11th August 2020
Hyundai Creta's sales number has touched 5,00,000-mark in the domestic market, the company announced on Tuesday.

Hyundai Creta has been the blockbuster model in the Indian Automobile industry ever since its launch in 2015. Redefining the SUV landscape in India, Creta’s supremacy transpires from Hyundai’s technological prowess and innovation, outperforming the industry benchmarks in all aspects, said Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India Ltd.

Dr Reddy's Laboratories launches drug to treat infections in US market
Posted on 11th August 2020
Dr Reddys Laboratories Ltd on Tuesday announced the launch of a generic version of Ciprodex (ciprofloxacin 0.3% and dexamethasone 0.1%) Otic Suspension in the American market, following approval from the US Food and Drug Administration (USFDA).

Ciprodexis used in adults and children 6 months of age or older to treat certain types of infections caused by certain germs called bacteria.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for NTPC rallies to near 1-month high after Jefferies raises share price target
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for NTPC rallies to near 1-month high after Jefferies raises share price target

Most Read News

Amazon gears up for Prime Day in pandemic with temperature checks, handwash

Ayodhya decked up for Ram temple ceremony, PM to perform bhoomi pujan

Gold prices at Rs 59,300 per 10 gm, silver jumps to Rs 74,210 a kg

Kerala plane crash: Air India praises Malappuram residents for saving lives

Mumbai gets highest downpour of season in 12 hours with 215.8 mm rains

More India News

Photo Gallery

Jaguar XJ(20 Images) Jaguar XJ
Datsun GO+(14 Images)Datsun GO+
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2020 IndiaCatalog.com
    All Rights Reserved
Privacy Statement