ntpc (JPMorgan) 4QFY11 results: accounting changes lead to better profit, but execution remains the real issue

NTPC's 4Q results were a maze of accounting adjustments; Accounting changes a red herring; execution is the real stock performance determinant; The stock has held up against sharply falling IPPs
Date Rating Target Price Recommendation Price Broker house
12 May 2011 neutral 200 (from 215) 180 JPMorgan Report

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