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The Power Sector Player, NTPC Soared On Wednesday

NTPC shares increment in the market, prior to Q3 FY18 report.
BY BEx Bureau
BusinessEx
Jan 30, 2019

On Wednesdays session, the shares of the public company, NTPC has climbed up by 1 per cent. The shares of the company have risen up prior to Q3 quarter earnings.

Viewing the surge in the shares, analysts estimate a positive set of Q3 number for the company (Source: ET)

Edelweiss Securities, a brokerage anticipates that the electric-power company would report a 7 per cent YOY growth in PAT to INR 2,534.50 crore for Q3 quarter, in contrast to INR 2,360.80 crore in the same quarter in 2017. (source: ET)

The brokerage says the companys EBITDA may rise up by 16 per cent year-on-year and 9 per cent in sequence, whilst its revenue has risen by 8 per cent year-on-year.

In comparison to NTPC, Kotak Institutional Equities is soaring higher in the market, estimated by the brokerage. The company has 19.6 per cent year-on-year and 12.8 per cent increase in EBITDA. Further, the brokerage anticipates NTPC to account 15.4 per cent increase year-on-year in Q3.

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