NTPC shares fell by 2.8% to a low of Rs 314.50 following its quarterly results, but later recovered to Rs 322.60. The company’s standalone net profit increased by 3.1% YoY to Rs 4,711.4 crore, while consolidated revenue grew to Rs 45,052.8 crore. NTPC also announced a second interim dividend of 25%.
2 top stock recommendations from Rajesh Palviya
Rajesh Palviya of Axis Securities suggests Nifty may consolidate between 24,800 and 25,000. Bank Nifty might range from 54,900 to 55,500. Chennai Petro and Coal