NTPC share price hits fresh all-time high; should you book profit? Here's what experts say

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₹325.60 in morning trade on BSE on Friday, January 5. NTPC share price opened at ₹322.50 against the previous close of ₹317.10 and climbed 2.7 per cent to its record high of ₹325.60. The stock, however, pared gains soon and traded 0.74 per cent higher at ₹319.45 around 10:20 am.

In the previous session, the stock gained 3.5 per cent. NTPC share price has jumped 90 per cent in the last one year while in the last six months, it has gained about 63 per cent. Brokerage firm Axis Securities expects this stock to rise even further.

Axis has initiated coverage on the stock with a buy call, setting the target price at ₹345. "We initiate coverage on the stock with a buy rating and value the company by using a SoTP-based target price of ₹345. We value the company’s conventional thermal business at 1.8 times P/BV (price-to-book value ratio) on its FY26 consolidated regulated BV.

Moreover, we value its RE (Renewable Energy) business at EV/EBITDA of 12 times on FY26 EBITDA, which is a premium multiple against the industry average of 9-10 times to account for growth tailwinds and evolving RE-RTC (renewable energy round-the-clock) optionality," Axis said. Also Read: Stock split 2024: Nestle India share price dips as stock trades ex-split in 1:10 ratio (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Axis Securities is positive about the stock mostly because of the company's healthy growth prospects.