Ntpc Share Price Analysis – 30 September
As of 12:00 PM today, 30 September, Ntpc shares are priced at ₹440.65, marking a 0.71% increase from the previous closing price. In the broader market context, the Sensex is currently trading at ₹84,610.85, down by 1.12%. During the trading session, Ntpc stock experienced a high of ₹448.3 and a low of ₹433.75.
Technical Outlook
The technical indicators suggest a positive trend for Ntpc. The stock is trading above its short-term simple moving averages (SMA) for 5, 10, and 20 days, as well as for longer-term moving averages of 50, 100, and 300 days. This positioning reflects a strong bullish trend in the market.
SMA Values & Pivot Levels
The SMA values for Ntpc are essential for understanding its price movement trends. A classic pivot level analysis indicates that on a daily basis, the stock has critical resistance levels at:
- ₹441.43
- ₹446.47
- ₹450.43
Conversely, key support levels are established at:
- ₹432.43
- ₹428.47
- ₹423.43
Trading Volume Insights
Till 12 PM, the trading volume for Ntpc on NSE and BSE has surged to 74.76% higher than the previous session. High trading volume is a critical indicator when analyzing stock trends. A positive price movement combined with increased volume signifies a potentially sustainable upward trend, while a decline in price with increasing volume could indicate future drops.
Overall Market Sentiment
Overall, according to Mint’s technical analysis, Ntpc is currently in a robust bullish phase. The company’s fundamentals also support this trend, with a Return on Equity (ROE) of 13.53%, reflecting efficient management and profit generation relative to shareholder equity. The current price-to-earnings (P/E) ratio stands at 19.78, indicating reasonable valuation relative to earnings performance.
Future Price Projections
The median forecast for Ntpc shares in the next year suggests an upside of approximately 2.08%, with a target price set at ₹431.50.
Ownership Metrics
Analyzing the ownership structure, Ntpc possesses a promoter holding of 51.10%, with mutual funds holding 7.42% and foreign institutional investors (FIIs) holding 17.67% as recorded for the June quarter. It is notable that mutual fund holdings have decreased slightly from 7.50% in March, and FII holdings have fallen from 17.85%.
Comparative Performance
Today, Ntpc’s share price has risen by 0.71%. However, its peers exhibit mixed performances. While stocks like Adani Green Energy and Tata Power are experiencing declines, competitors such as Power Grid Corporation of India and Adani Power are witnessing positive trends. Overall, broader benchmarks like Nifty and Sensex are down by 1.1% and 1.12% respectively, indicating challenging market conditions.
