Bernstein gives Outperform rating to NTPC stock, expects 20% rise

Global brokerage firm Bernstein gave an 'Outperform' rating to the shares of state-owned NTPC Ltd. Bernstein kept a price target of ₹440 per share, implying a potential upside of nearly 20% from the stock's previous close. The brokerage firm mentioned that while there may not be significant drivers for further upside, there is little reason to expect a downside either.