NTPC shares rise 3% after Q2 results. Why Jefferies and Nuvama remain bullish
Jefferies and Nuvama rate stocks including NTPC.
· Economic Times Markets, ET Stocks
NTPC shares rose after the state-owned power major reported a 14% YoY rise in standalone net profit to Rs 5,320 crore for Q2 FY27. Revenue grew 17% to Rs 45,752 crore, while EBITDA increased 9% to Rs 10,891 crore. The company also announced an interim dividend of Rs 3 per share, with November 6 set as the record date. Brokerages maintained their Buy ratings on the stock.
Key facts
- Period
- Q2 FY27
- Dates in focus
- November 6
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Why it matters
- Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
Market context
- Brokerage calls from Jefferies and Nuvama, with ratings on the stocks named. The stocks: NTPC.
- Over three months: NTPC -8.3% against Power -13.2% (4.9 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| NTPCNTPC · Power | ₹323.75 | +2.4% | -2.0% | -8.3% | -21.1% | 1.0× | — |
Power
1M -6.9% · 3M -13.2%
NTPC
Prices as of 2 Nov 2026, 12:13 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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