World's favourite Indian power stock seen recovering from 10-mth lows

Analysts expect this New Delhi-based company to wring more profit from soon-to-be acquired hydro-power assets, helping it lift its earnings and share price.

NTPC Ltd. is the world’s most-loved power producer by equity analysts, and yet the shares of India’s largest utility are trading near a 10-month low. What gives?
 

The New Delhi-based company is the top rated stock among the world’s largest utilities, with a recommendation consensus of 4.9 on a Bloomberg scale where 5 is a unanimous buy. Analysts expect the company to wring more profit from soon-to-be acquired hydro-power assets, helping it lift its earnings and share price.

“The hydro assets to be acquired offer significant scope to improve efficiency and boost profitability,” analysts at SBICap Securities Ltd. wrote in