NTPC Q1 earnings beat estimates: Macquarie sees 40% upside on 1.8 GW capacity additions
NTPC's Q1 earnings surpassed expectations due to capacity additions and improved operations. Macquarie rates the stock 'Outperform' with a target price of Rs 480, expecting growth from thermal and renewable businesses. 1.8 GW of new capacity was commissioned in the quarter, with potential for further expansion. Regulated equity also continues to increase, ensuring steady earnings.