Healthy Growth on Improved Generation & Improved Realisation In line with our estimate, NTPC's revenue grew by 14.2% YoY in 1QFY19 led by 7.9% YoY rise in generation and 4.9% rise in tariff. Looking ahead, we expect NTPC's business to improve further backed by higher capacity commercialisation, better fuel availability and likely improvement in demand owing to UDAY scheme. We maintain our BUY recommendation on the stock with...