NTPC shares in focus as Maharatna PSU to consider 12,000 crore fundraising plan - Should you BUY? Check target prices by brokerages

NTPC Share Price Target NSE, BSE: Shares of India's leading power generation company NTPC are in focus on Thursday as the company has informed exchanges that its board will meet on June 29 to consider a proposal to raise up to Rs 12,000 crore through the issuance of bonds.

The counter opened at Rs 364.95 and gained further to trade at the day's high of Rs 369.50 against the previous close of Rs 364.95. Last seen the counter was trading at 368.85.

NTPC Share Price History

According to BSE Analytics, the counter has given a multibagger return of over 98 per cent in one year and 166 per cent in two years. So far this year, the scrip has gained over 19 per cent.

NTPC in News

State-owned power giant NTPC has informed exchanges that its board on June 29 will consider a proposal to raise up to Rs 12,000 crore through the issuance of bonds.

The board of directors is scheduled to meet in New Delhi on Saturday, June 29, to consider the issue of "secured/ unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures up to Rs 12,000 crore", subject to the approval of shareholders in the ensuing Annual General Meeting, a BSE filing said.

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