Shares of state-owned NTPC Ltd. are up almost 5% on Tuesday, reaching another new high. The share is also the top gainer on the Nifty 50 index.

The global brokerage Jefferies has raised its 12-month target price for NTPC from Rs 445 to Rs 485 while maintaining a ‘Buy’ rating on the share.

The price target suggests that the stock might rise by around 23 per cent from its Monday closing levels. Jefferies stated that NTPC’s first-quarter earnings were 11% higher than expected. The fixed cost under-recovery was ₹200 crore, up from Rs 100 crore in the previous year. However, this was balanced by higher coal and gas PLFs.

As of 11:41 am, NTPC shares were trading 3.82 % higher at Rs 408.95.

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As the fiscal year 2022-23 draws to a close, several prominent Indian companies are gearing up to announce their fourth-quarter (Q4) financial results. These earnings reports will provide crucial insights into the performance of various sectors and the overall health of the Indian economy. Investors and analysts will be closely monitoring the results of key players such as ONGC, ITC, NTPC, Sun Pharma, and Nykaa, among others.

ONGC (Oil and Natural Gas Corporation) to Report Q4 Results Amid Fluctuating Oil Prices

ONGC, India’s largest oil and gas exploration company, is set to declare its Q4 results this week. The company’s performance will be scrutinized for its revenue, profitability, and production figures, especially in light of the volatile global oil prices. As a key player in the energy sector, ONGC’s results will provide a glimpse into the challenges and opportunities faced by the industry.

ITC Limited to Announce Q4 Earnings Across Diverse Business Segments

ITC, a diversified conglomerate with interests in FMCG, hotels, paperboards, and agribusiness, is scheduled to announce its Q4 results. Investors will be keen to assess the performance of ITC’s various business segments and any updates on its growth strategies. The company’s ability to navigate the challenges posed by the pandemic and maintain its market position will be in focus.

NTPC (National Thermal Power Corporation) to Declare Q4 Results, Renewable Energy in Focus

NTPC, India’s largest power generation company, will declare its Q4 results this week. Analysts will be interested in the company’s power generation capacity, fuel costs, and any new developments in the renewable energy space. As the country moves towards a cleaner energy mix, NTPC’s progress in renewable energy projects will be closely watched.

Sun Pharmaceutical Industries to Report Q4 Earnings, Key Markets and Product Launches in Focus

Sun Pharma, one of the largest pharmaceutical companies in India, is set to announce its Q4 results. The company’s performance in key markets, new product launches, and any regulatory updates will be the main areas of interest for analysts. As the pharmaceutical industry continues to play a crucial role in the fight against the pandemic, Sun Pharma’s results will provide insights into the sector’s growth and challenges.

Nykaa (FSN E-Commerce Ventures) to Announce Q4 Results, E-commerce Growth and Expansion Plans in Spotlight

Nykaa, a leading beauty and fashion e-commerce platform, will declare its Q4 results this week. Investors will be focused on the company’s revenue growth, customer acquisition, and expansion plans for its offline retail network. As the e-commerce sector continues to boom in India, Nykaa’s performance will be a key indicator of the industry’s potential and future prospects.

Other Notable Companies to Declare Q4 Results This Week

Apart from the above-mentioned companies, several other key players across various sectors are also scheduled to announce their Q4 results this week. These include:

• Adani Ports
• Bajaj Auto
• Bharti Airtel
• Cipla
• Dabur
• Grasim Industries
• Hindalco
• Hindustan Unilever
• Kotak Mahindra Bank
• Maruti Suzuki
• Tata Steel
• UltraTech Cement

As these companies report their Q4 earnings, investors and analysts will gain valuable insights into the performance of different sectors and the overall economic sentiment in the country. The results will help in making informed decisions and assessing the future prospects of these companies in the face of ongoing challenges and opportunities.