Fri Sep 20 11:53:13 UTC 2024: ## NTPC Shares Surge on Strong Bullish Trend
**Mumbai, India -** NTPC shares closed at ₹424.15 today, marking a 0.04% gain from the previous day’s closing price. The stock has been experiencing a strong bullish trend, as indicated by technical analysis.
The stock traded within a range of ₹416.6 to ₹431.4 today, exceeding both short-term and long-term moving averages. Volume traded was significantly higher than the previous session, further supporting the upward trend.
From a fundamental perspective, NTPC holds a strong ROE of 13.53% and a P/E ratio of 19.19. The company’s promoter holding stands at 51.10%, while mutual funds hold 7.42% and FIIs own 17.67% of the shares.
Despite a slight decline in both mutual fund and FII holdings compared to the previous quarter, NTPC’s performance remains positive. The company’s share price has mirrored the rise in its peers and the overall market sentiment, with benchmark indices Nifty and Sensex gaining 1.48% and 1.63% respectively.
Analysts believe the strong bullish trend in NTPC shares is likely to continue, driven by positive technical and fundamental indicators.
First Piper 