Goldman Sachs has reaffirmed a Buy rating on NTPC, setting a target price of Rs 430. The profits from NTPC Green align with expectations, and Goldman values NTPC at Rs 4,173 billion based on a sum-of-the-parts (SOTP) analysis for a 12-month target, with NTPC Green contributing Rs 784 billion. Additionally, a proposed Rs 100 billion primary issuance would result in a 13% dilution of NTPC’s stake.
Sugar stocks Bajaj Hindusthan Sugar, Balrampur Chini, others rally up to 8% after govt tightens stock limits
Sugar stocks rallied up to 8% after the government tightened inventory limits for dealers amid record-high sugar prices. Bajaj Hindusthan Sugar led gains, while Balrampur