External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We initiate coverage of NTPC Green Energy Ltd (NGEL) with a BUY and a TP of INR 121 at 14.5x EV/EBITDA FY29 EBIDTA discounted at 12% to arrive at Mar-28 TP</li><li>NGEL is the renewable energy arm of NTPC Ltd (NTPC), India’s leading energy producer, with a strong presence in thermal energy</li><li>Through NGEL, NTPC plans to expand its existing renewable energy operating capacity from ~8GW as of Dec’25 to 60GW by FY32</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We initiate coverage of NTPC Green Energy Ltd (NGEL) with a BUY and a TP of INR 121 at 14.5x EV/EBITDA FY29 EBIDTA discounted at 12% to arrive at Mar-28 TPNGEL is the renewable energy arm of NTPC Ltd (NTPC), India’s leading energy producer, with a strong presence in thermal energyThrough NGEL, NTPC plans to expand its existing renewable energy operating capacity from ~8GW as of Dec’25 to 60GW by FY32Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NTPC Green Energy (Initiating Coverage): The Green Energy Play. BUY