NTPC shares: Elara ups target price post NTPC Green Energy stock listing; here’s why
Elara Securities has upped its target price for NTPC Ltd following the listing of NTPC Green Energy. The brokerage said it analysed the incremental value addition for NTPC and suggested a new target price of Rs 505 for the PSU stock.
Previously, without holding company discount, it had arrived at an option value of Rs 63 per share for NTPC Green Energy, thus arriving at a target price of Rs 497 for NTPC. At the market price of Rs 122 for NTPC Green Energy and factoring in holding company discount of 25 per cent, the option value for the newly listed firm has increased to Rs 71 per share, thus resulting in
a rise target price, Elara Securities said.
At current market price, NTPC Green Energy is trading at an attractive valuation of…
