How is NTPC as a stock to buy at current prices? How would you look at the latest corporate results of the company?

The latest quarterly results do make an interesting investment case for NTPC, India’s largest thermal producer. While the total income for the quarter was down at Rs.22,545 crore, the net profits for the quarter was up b 49% at Rs.4350 crore. This surge in profit was largely driven by a saving of Rs.1200 crore in expenses. NTPC has also paid a total dividend of Rs.6 for the full year making it attractive from a dividend yield perspective. The company has a current installed capacity of more than 55,100 MW.

Apart from the dividend yield factor, the company could also benefit from acquiring more capacity at lower rates as the government tries to address the issue of outstanding bank credit to power companies. This could also benefit the stock of NTPC in the coming quarter. NTPC is surely a stock worth buying at the current market price of Rs.129.