Technical analyst PK Agarwal of Purpleline Investment has maintained 'buy' rating on NTPC Limited stock with a target of Rs 220.

According to analyst, the investors can buy the stock with a stop loss of Rs 195.

The stock of the company, on December 30, closed at Rs 201.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 241.70 and a low of Rs 179.25 on BSE.

Current EPS & P/E ratio stood at 10.10 and 19.86 respectively.

The Unit VII (500 MW) of the company's Korba project in Chhattisgarh attained full capacity on Sunday.

The full load thus was accomplished within a record 30 days time from the synchronization date.

The said project owns three divisions of 200 MW each in the initial stage and the other three divisions of 500 MW each during the second stage.

NTPC's wholly owned arm NTPC Vidyut Vyapar Nigam (NVVN), has carried out selection and bidding procedure and has obtained an overwhelming response.

The board of NVVN sanctioned the plan for entering power purchase agreements with 37 solar power makers for a cumulative capability of 620 MW including 30 SPDs for 150 mega watts of Solar PV Projects and 7 SPDs for Solar Thermal Projects of 470 mega watts capacitance under first stage, Batch I of the Jawaharlal Nehru National Solar Mission.