PSU stock: NHPC share price may nearly double in 2 years, says Ventura
Ventura Securities has initiated coverage on NHPC Ltd with a ‘Buy’ rating, as it sees a strong capex-driven revenue growth outlook and scope for margin improvement. Its target price suggests nearly doubling of NHPC share price over the next two years.
While NHPC may appear expensive based on FY27 earnings projections, the majority of its 9.3 GW under-construction hydro projects are slated to become operational by FY28. Additionally, several projects totaling 8.3 GW, currently under survey, are anticipated to come online within the next 10 to 15 years, Ventura said.
“As the largest hydropower producer in India with ambitious expansion plans, we believe NHPC warrants a valuation re-rating. Its assets are strategic and generate…
