Share Market UPDATE: NLC India stock analysis: Price target, growth
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Government Power Company Stock Set to Soar
NLC India Ltd, a Navratna company, is a strong player in the power sector. It also operates in lignite mining. Brokerage firms are bullish
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NLC India Share Price
This power stock is trading in the green at around ₹205 as of 10:00 AM on Thursday, February 13th, which is about 35% below its high
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Why Buy NLC India Shares?
Elara Capital recommends investing in NLC India shares. Improved power generation capacity, strong Q3 results, and capacity expansion are expected to drive growth
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NLC India Share Price Target
Elara Capital maintains BUY rating on the stock with a target price of ₹320, which is approximately 60% higher than the current price. The brokerage previously had a target of ₹373
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NLC India's Financial Strength
Elara Capital's report highlights a 39% increase in the company's revenue in the December quarter. EBITDA grew by 105%, with a margin of 41%, and net profit increased by 174%
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NLC India's Capacity
The company commenced commercial operations of the NUPPL GTPP Unit (660 MW) in the December quarter. Units 2-3 are expected to be operational by October
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Note
Consult with your market expert before making any investment decisions