Fri Sep 20 07:47:01 UTC 2024: ## NTPC Shares Dip Slightly Despite Strong Bullish Trend
**Mumbai, September 20:** NTPC shares closed today at ₹423, down 0.24% from the previous day’s closing price. Despite the slight dip, the stock is currently experiencing a strong bullish trend, according to Mint’s technical analysis. The stock traded above both short-term and long-term moving averages throughout the day, hitting a high of ₹431.4 and a low of ₹416.6.
Volume traded for NTPC today was significantly higher than the previous session, indicating strong interest in the stock. While the price movement was slightly negative, the high volume suggests a potential continuation of the bullish trend.
From a fundamental perspective, NTPC boasts a strong ROE of 13.53% and a current P/E ratio of 19.19. The company also has a robust shareholder base with a 51.10% promoter holding, 7.42% MF holding, and 17.67% FII holding.
NTPC’s performance today contrasted with mixed performance from its peers. While some peers saw declines, Power Grid Corporation of India, Adani Green Energy, Adani Power, and Tata Power all saw gains. Overall, benchmark indices Nifty and Sensex saw strong growth, up 1.2% and 1.5% respectively.
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