NTPC Share Price: What the CLSA Has to Say About Zydus Life, NPTC, Shree Cement & Steel Shares

New Delhi – Global brokerage firm CLSA has shared its view on stocks across various sectors including cement, pharmaceuticals, energy and steel. The brokerage has a mixed opinion on these accountants.

CLSA has maintained a buy recommendation on

with a price target of Rs 180, thanks to rising markets. “NPTC is leading the energy transition,” she added. The broker said NPTC ended FY22 on a high note with a 43 percent increase in renewable capacity.

On

CLSA has an over-the-counter buy rating with a Rs490 price target as it sees a favorable risk-reward ratio with limited downside.



“Cost optimization offsets inflationary pressure,” the global broker said. “Underlying growth in India is very strong, while US business is down 5 percent sequentially.”

On the contrary, it has a neutral rating on

with a target price of Rs 22,600. “The company’s revenue/EBITDA in the March 2022 quarter was below expectations,” she added. The rising cost will also affect profitability.

CLSA cut its estimates on steel stocks after the finance ministry announced export tariffs on steel products. “Reduced coking coal and iron ore are key concerns regarding domestic steel prices that are likely to be corrected,” he added.

It has downgraded three main steel counters: (from buy to underperform), (underperform to sell), and (from buy to underperform).


(Disclaimer: The recommendations, suggestions, points of view and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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