New Delhi, Feb. 14 -- Energy stocks have delivered solid returns over the past year, with NTPC among the steady performers. Over the last 12 months, NTPC shares have risen about 17%, climbing from Rs.310 on 10 February 2025 to around Rs.365.

The question now is whether that momentum can continue.

This analysis examines NTPC's growth drivers, risks and earnings outlook, but is not an investment recommendation.

NTPC Ltd, incorporated in 1975 as National Thermal Power Corp., is India's largest power generation company and a central pillar of the country's electricity system. A Maharatna PSU under the Ministry of Power, the company's core business remains electricity generation, anchored in coal-based thermal power even as it expands stead...