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Investments in Indian Equity and Research => India Stocks and Shares => Topic started by: sunil on November 20, 2009, 10:16:43 AM

Title: NTPC EPS to remain muted
Post by: sunil on November 20, 2009, 10:16:43 AM

BOFA Merrill Lynch said,

Quote

We expect muted EPS growth and RoE of NTPC due to the delays in capex led by Russian suppliers delay, RIL gas delays and hydro capex delays due to environmental concerns. There is also a regulatory risk on tax recovery & payment and overhang of disinvestment (of 5% stake) by the government. This combined with the expensive valuations of 16.8x FY11E PER will keep the stock under pressure