NTPC share are down by -2.5%, Nifty down by -0.95%

At 06 Sep 11:17 today, Ntpc shares are trading at price ₹393.45, -2.5% down from the previous closing price. Sensex is trading at ₹81300.2, down by -1.1%. The stock has hit a high of ₹404.6 and a low of ₹392.7 during the day.

On the technical front, the stock is trading above the 50,100,300 days SMA & lower than the 5,10,20 day SMA. The stock will have support at 50,100,300 days SMA & face resistance at 5,10,20 days SMA.

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹406.62, ₹410.78, & ₹413.17, whereas it has key support levels at ₹400.07, ₹397.68, & ₹393.52.

Till 11 AM today, the volume traded on NSE & BSE for NTPC was 44.18% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, Following a strong uptrend, the stock is indicating signs of a reversal.

From a fundamental analysis perspective, the company has a ROE of 13.53% .The current P/E of the stock is at 18.25 .

The median 1-year forecasted upside in this share is at 8.71% with a target price of ₹427.72727273.

The company has a 51.10% promoter holding, 7.42% MF holding, & 17.67% FII holding as per filings in the june quarter.

The MF holding has decreased from 7.50% in march to 7.42% in june.

The FII holding has decreased from 17.85% in march to 17.67% in june quarter.

NTPC share price down -2.5% today to trade at ₹393.45 while its peers are mixed. Its peers such as Power Grid Corporation Of India, Adani Green Energy, Adani Power, Tata Power are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.95% & -1.1% each respectively.