Multibagger PSU stock NTPC closes lower a day after hitting 52-week high

NTPC Share Price: Multibagger PSU stock NTPC maintained its momentum on BSE on Tuesday (May 28, 2024) in the first session after hitting a 52-week high. 

The multibagger PSU stock that closed at Rs 369.60 a day ago jumped by 1.05 per cent to Tuesday's high of Rs 373.50.

NTPC shares closed trading lower by 1.16 per cent, or Rs 4.30, at Rs 365.30 each on Tuesday.

On Monday, the NTPC stock hit a 52-week high of Rs 381.25 on the back of January-March quarter results and after many leading brokerages gave it a 'buy' call and raised the share price target.

Here's what leading brokerages say about it

Citi on NTPC

Citi has maintained a 'buy' rating on the stock, raising its target price to Rs 467 from Rs 407.

CLSA on NTPC 

CLSA has maintained a 'buy' call on the stock with a target price of Rs 441.

Jefferies on NTPC (CMP 375)

Jefferies has maintained a 'buy' call on NTPC, raising its target price to Rs 445 from Rs 415.