ICICI Securities has issued a BUY call on NTPC, setting a 12-month target of Rs 481 against a current market price of Rs 389, implying an upside of about 24%.

Prabhudas Lilladher (PL Capital) has reiterated its “BUY” recommendation on NTPC with a revised target price of Rs 450, implying meaningful upside

ICICI Securities has reiterated its bullish stance on NTPC, maintaining a BUY rating with a target price of Rs439.

HDFC Life, LIC, BPCL and NTPC were among major gainers during early trades on Friday.

Public sector stocks witnessed higher volatility during the week.

NALCO, IRFC, BHEL, NTPC shares were in demand on Wednesday but majority of action was witnessed in technology stocks. HCL Technologies jumped after the company announced strong quarterly results.