Mon Sep 23 12:10:51 UTC 2024: ## NTPC Shares Rise 0.98% Today, Trading Above Key Technical Levels

**Mumbai, India – September 23, 2023** – NTPC shares closed the day at ₹428.3, marking a 0.98% increase from the previous day’s closing price. The stock hit a high of ₹430.4 and a low of ₹425.2 during the trading session.

According to Mint technical analysis, NTPC shares are currently experiencing a strong bullish trend. The stock is trading above both short-term (5, 10, 20 days) and long-term (50, 100, 300 days) simple moving averages. Pivot level analysis suggests key resistance levels at ₹431.2, ₹433.6, and ₹436.7, while key support levels are at ₹425.7, ₹422.6, and ₹420.2.

Volume traded on NSE & BSE for NTPC was 56.52% higher than the previous trading session, indicating potential for further positive price movement.

From a fundamental perspective, NTPC boasts a 13.53% ROE and a current P/E ratio of 19.19. The median 1-year forecasted upside for the share is 0.13%, with a target price of ₹427.73.

While NTPC shares saw a positive day, its peers in the power sector showed mixed performance. Power Grid Corporation of India shares fell today, while Adani Green Energy, Adani Power, and Tata Power shares rose.

Overall, the benchmark indices Nifty and Sensex closed the day up 0.57% and 0.45%, respectively.

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