NTPC Share Price | PSU NTPC share in focus, brokerage bullish, note target price – NSE: NTPC
NTPC Share Price | Last week, the BSE stock market Sensex fell by 759.58 points or 0.98 percent. Similarly, NSE Nifty declined by 228.3 points or 0.97 percent. Now Macquarie brokerage firm has released a report on NTPC Limited Company. The report has indicated a rise in NTPC shares.
signals on ntpc stock chart
The daily time frame chart of NTPC gives an indication of how the NTPC stock is now rising after a continuous decline. The pullback on the charts is strong and heavy volume is coming. Apart from this, the stock of NTPC company has also crossed the trend line coming from above with a strong movement on the chart. NTPC shares have risen 6.38 percent in the last five days. On Monday (January 20, 2025), the stock was trading at Rs 334, up 2.42%.
NTPC shares out of oversold zone
NTPC share RSI also seems to be recovering below 20. NTPC stock is breaking out of the oversold zone and has started trading above the trendline from above. This structure on the chart is a clear indication of a rally in NTPC stock.
Macquarie brokerage firm report
Macquarie brokerage firm has given bullish signals on NTPC shares. According to the broking firm's report, India's total generation capacity increased by 20 gigawatts (GW) in FY25, while it increased by 12 GW in FY24. The brokerage said the growth was made possible by renewable energy. It will be important to monitor electricity demand trends during the summer months, the report said. According to the report, privatization of PSU company's discom distribution company is back on track and initial steps have been taken for discom distribution companies in Uttar Pradesh.
ntpc share target price
Macquarie brokerage firm has advised to buy shares of NTPC Limited Company. Macquarie brokerage firm has announced a target price of Rs 475 for NTPC Limited company shares with an outperform rating. Experts say that this PSU share can give big returns to investors in the coming time.
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