Shares of NTPC Limited experienced a downward trend during Tuesday's intraday trading session, sliding close to 2% just a day after the corporate board locked in the record date for its upcoming dividend distribution. The stock movement comes alongside fresh brokerage commentary evaluating the power producer's recent operational performance and financial expansion targets.
Intraday Trading Performance and Market Valuation
During the session, the state-run power utility's stock traded 2.07% lower at Rs 343 per share on the BSE, bringing its total market capitalization to Rs 3,33,032.00 crore at 10:15 pm. Over the course of the day's trading, the equity touched a peak intraday high of Rs 350.60 per share while registering a low of Rs 342.40 per share.
Dividend Payout and Eligibility Timeline
The corporate board formally approved a final dividend for the financial year 2025-26, setting the payout at Rs 3.50 per equity share based on a face value of Rs 10 each. Final authorization of this dividend is subject to shareholder approval during the upcoming annual general meeting, with disbursements scheduled to commence on or after September 23, 2026.
To establish shareholder eligibility for the payout, the board designated Wednesday, September 2, 2026, as the official record date. Market participants must acquire and hold the shares prior to this specified date to qualify for the dividend distribution.
Brokerage Insights and Strategic Outlook
According to a Motilal Oswal report released on Tuesday, several positive developments were highlighted, including a surge in consolidated regulated equity and improved coal plant load factors. However, the report noted that NGEL achieved a consolidated renewable addition of only 595MW in the first quarter of fiscal 2027 against the broader fiscal 2027 commissioning target of 8GW.
Motilal Oswal maintained a 'Neutral' rating on the stock with a target price of Rs 381 per share. The valuation framework accounts for the standalone and core businesses, other subsidiaries, joint ventures, and a discounted valuation of the stake in NGEL.
Strong Quarterly Earnings Performance
The state-backed energy firm posted better-than-expected earnings for the June quarter of the financial year 2026-27, registering an 11.8% jump in consolidated net profit to reach Rs 6,721 crore. Concurrently, the company's consolidated revenue expanded by 7.8% year-on-year, touching Rs 50,741 crore compared to Rs 47,064 crore recorded during the corresponding period of the previous year.
