Shares of NTPC Green Energy Ltd. gained 1.5% to ₹102.47 on Tuesday, August 19, after Bernstein reiterated its “Outperform” rating on parent NTPC Ltd., with a target price of ₹433.
The brokerage highlighted NTPC’s decision to raise its 2032 capacity guidance to 149 GW, compared to 132 GW earlier, while also re-emphasizing its ₹7 trillion capex plan to meet the expanded targets.
On the nuclear side, NTPC has laid out a strong emphasis on achieving 30 GW capacity by 2047. In renewables, the company expressed confidence in executing 6 GW this year and 8 GW in the next, underlining its rapid green energy expansion.
The positive commentary boosted investor sentiment in NTPC’s green energy arm, which has a market cap of over ₹864 billion and is seen as a key driver of the group’s transition to clean energy.
