Positive impactResults
'Near-Consensus Buy' PSU stock gets an upgrade from Kotak on 'reasonable valuations'
CNBC-TV18 1 hr ago·4 Sept 2026, 2:36 am
Kotak Institutional Equities has upgraded NTPC to a 'Buy' rating, citing the stock's current valuation as attractive. The brokerage views the power utility's price as reasonable, offering a potential entry point for investors. This move comes as the PSU stock has corrected significantly from its highs, presenting a potentially favorable risk-reward scenario for those looking to add exposure to the sector.
This upgrade is significant because it counters the recent trend of muted investor sentiment. Despite NTPC's strong correlation with themes like energy security and rising power demand, the stock has struggled to maintain momentum due to modest earnings growth. The brokerage's confidence suggests that the market may be overlooking the company's strong fundamentals and its role in India's power infrastructure.
Investors should watch for the company's quarterly earnings reports and updates on capacity additions. A sustained rebound in power demand and execution of new projects could support the stock's recovery. Additionally, any positive policy signals from the government regarding the power sector could further boost investor confidence.
Excerpt from CNBC-TV18
NTPC's stock has corrected 20% since May 2026 and has remained largely rangebound over the past three years. The stock's performance in recent years has largely tracked broader investment themes such as energy security and rising power demand, but these narratives have had a short-lived impact amid modest earnings…Read the original at CNBC-TV18
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns NTPC (NTPC).
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update for NTPC. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
