National Thermal Power Corporation Limited (NTPC Ltd.) share prices are showing an upward movement in the stock market. However, an increase in its share prices was almost expected because of its strong position in the power generation sector. In addition, the investor’s confidence also has been bolstered by its recent YoY financial growth rate. Speaking about NTPC Ltd. share’s current price, it is trading at Rs 428.35 which is approximately 3.13 percent higher than its previous close of Rs 414.15. The current market sentiments and investors’ confidence are the major factors that are driving NTPC Ltd.’s share biz and making it a profitable stock for traders. Here, we have overviewed NTPC share’s recent performance and growth rate and analyzed its technical indicators. Continue reading this article for more details and updates. Drag down the page.
NTPC Ltd. Shares Recent Performance
On Monday, September 23, 2024, the shares of NTPC Ltd. opened at the price of Rs 424. On this day, the stock reached the highest price of Rs 432. Throughout the day, the NTPC share remained in the range of Rs 421 and Rs 432. Showing resilience, it closed at the price of Rs 428 with an increase of 3.13 percent from its previous close. Speaking about this stock’s growth rate in one year, it has made a remarkable growth of Rs 76.37 percent while maintaining a healthy market capitalization of Rs 411,090 crore.
- Current Price: ₹428.35
- Previous Close: ₹414.15
- 52-Week High/Low: ₹431.85 / ₹227.75
- P/E Ratio: 22.94
- Market Cap: ₹411,090 crore
Technical Analysis of NTPC Ltd. Shares
Market enthusiasts and traders are seemingly quite confident while investing in NTPC Ltd. shares, thanks to its current price which is higher than its 200-day moving average (DMA). One of the positive indicators for the NTPC Ltd.’s investors is it is trading around 18 percent higher than its critical level. For the unversed, the 50-day moving average should be lower than the stock’s current support to maintain its upward trajectory. Market experts have identified several important levels to watch for this stock, which help traders predict the possible price movement of the stock in the coming days.
- Resistance Levels:
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- R1: ₹432
- R2: ₹440
- Support Levels:
- S1: ₹420
- S2: ₹415
NTPC Ltd. Share
On September 23, 2024, the trading volume for NTPC was more than 59 million shares exchanged on both BSE and NSE. The higher is trade volume the stronger investor interest and confidence in the performance of this stock. It can be simply said that the trade volume is directly proportional to investor interest and confidence. NTPC’s delivery volume is at 37.97 percent which means investors have held their shares in NTPC stock and are optimistic about its growth in the future.
The financial health of National Thermal Power Corporation seems to be very strong as its revenue from its operational activities generated Rs 183946 in one year. In addition, this power-generating company also posted a growth of 3 percent last year, showing steady growth despite the volatile nature of the market. Moreover, NTPC Ltd.’s return on equity is at 12 percent while the pre-tax margin is at 14 percent.
Recently, NTPC expanded its portfolio in the renewable energy sector, aligning with global trends toward green energy solutions. The strategic move by NTPC has significantly enhanced the company’s growth prospects in the long-term vision which is eventually resulting in attracting investors who are conscious about environment-friendly energy solutions. Therefore, the NTPC shares’ consensus seems to be bullish among the market experts recommending a strong “Buy” to the traders. Stay tuned to this website for more details and further updates.
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