Citi initiates Buy on NTPC, 3 utility stocks

12 May 2026via financialexpress.comSource

English हिंदी తెలుగు தமிழ்ಕನ್ನಡ मराठी বাংলা ગુજરાતી

Citi initiates Buy rating on NTPC and three utility peers. NTPC is Citi’s top pick, driven by India’s ₹10 lakh crore power capex cycle. The utility major is poised to benefit from rising capacity additions and government focus. Valuation remains attractive at ₹220–₹230 target.

📊 STOCKS: NTPC | 🏢 SECTOR: Energy | #MEDIUMIMPACT #BuyCall

#BuyCall#PowerSector#Capex

Stocks mentioned

NTPCNTPC Limited

⚠️ This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.

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