NTPC

NTPC remains a reliable play in the power sector with generation capacity of 76 GW, expanding steadily in renewables. The company targets 60 GW of renewable energy capacity by 2032, which could significantly de-risk its coal-heavy portfolio. Q1 FY26 revenue grew 12% YoY, with stable operating margins. The stock trades at ~12x FY26 EPS, offering value compared to peers. A strong dividend yield of 4% makes it attractive for defensive investors. NTPC is well-positioned for India’s energy transition story.