Shares of NTPC slipped 2 percent intraday Monday as company's first quarter (Q1FY19) net profit fell by 1.1 percent year-on-year to Rs 2,588.1 crore, dented by lower other income and higher finance cost.
Profit in the same quarter last fiscal was at Rs 2,618.2 crore.
Revenue during the quarter grew by 14.2 percent to Rs 22,703 crore compared to Rs 19,879.3 crore in corresponding period last year.
Deutsche Bank has maintained buy rating on NTPC and cut target to Rs 200 from Rs 203 per share.
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