NTPC share price snaps two-day losing streak, hits all-time high; here's why
₹251.50 on BSE after the 800-MW power facility for NTPC started operation, and brokerage ICICI Direct Research maintained a 'buy' rating for the NTPC stock with a target price of ₹300 and saw potential upside of 24% from Wednesday's closing price of ₹240. NTPC shares today opened at intraday low of ₹239.20 apiece.
NTPC shares snapped its 2-day losing streak on Friday's session. On October 1, Prime Minister Narendra Modi will formally dedicate the ₹6,000 crore Ramagundam facility to the country, said moneycontrol in its news report.
A 2,600 megawatt (MW) Super thermal power station, NTPC Ramagundam is a unit of National Thermal Power Corporation and is located at Ramagundam, Peddapalli district, Telangana, India. Currently, it is South India's biggest power plant.
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