Axis Securities has maintained a Buy rating on NTPC, though it has trimmed the target price slightly to Rs 420 from Rs 430, implying a 20% upside from the current market price of Rs 350.

ICICI Securities has issued a BUY call on NTPC, setting a 12-month target of Rs 481 against a current market price of Rs 389, implying an upside of about 24%.

Prabhudas Lilladher (PL Capital) has reiterated its “BUY” recommendation on NTPC with a revised target price of Rs 450, implying meaningful upside

ICICI Securities has reiterated its bullish stance on NTPC, maintaining a BUY rating with a target price of Rs439.

HDFC Life, LIC, BPCL and NTPC were among major gainers during early trades on Friday.

Public sector stocks witnessed higher volatility during the week.