Stock market analysts are of the view that traders can buy NTPC stock to achieve an intraday target of Rs 222.

According to them, investors can buy the stock above Rs 216 with a stop loss of Rs 212.

Shares of the company, on Monday (June 08), closed at Rs 214.25 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 9.95 & 21.33 respectively.
The share price has seen a 52-week high of Rs 233 and a low of Rs 113 on BSE.

NTPC, on June 02, is eyeing that its bulk order placement of equipment for nine 660 Mw thermal power units would get a place in the government’s 100 days agenda.

NTPC along with Damodar Vally Corporation (DVC) have already got the techno-economic authorization to purchase Rs 210 billion power equipment for their forthcoming thermal power generation facilities from the techno-economic authorization body Central Electricity Authority (CEA).

The power equipment would be secured via the `International Competitive Bidding` (ICB) route.

Long term fuel supply deal was signed between Coal India (CIL) and NTPC for supplying coal to NTPC Power Stations for the next 20 years, at CIL headquarters, Calcutta on May 29, 2009.

Moreover, the country`s largest thermal- power generator is planning to buy coal resources overseas.

NTPC with an installed capacity of 30,144 Mw, is adding 6,500 Mw in the southern region, of this, 1,000 Mw is for the Simhadri Super Thermal Power Station at Visakhapatnam.