NTPC Ltd Share Price – NSE  /  BSE

Power Generation & Distribution, Mid Cap

As part of increasing NTPC’s renewable energy portfolio, a fully owned subsidiary has been formed as ‘NTPC Green Energy’ (NGEL) which shall take up renewable energy parks and projects including business in the area of green hydrogen, energy storage technologies, and round the clock RE power.

The scope of MoU is to explore a joint development of grid connected renewable energy based power projects including solar, wind, energy storage etc and/or solutions thereof.

Indus Towers aims to expand its renewable energy portfolio in a phased manner to Giga Watt scale capacity for its business operations spread across the country, as a part of its net zero commitments.

NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As on 31 March 2024, the Government of India holds 51.10% in NTPC.

Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators.

Shares of NTPC slipped 2.29% to Rs 342.85 while Indus Towers fell 0.58% to currently trade at Rs 349.05 on the BSE.

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NTPC Green Energy (NGEL) and Indus Towers (ITL) today signed a Memorandum of Understanding (MoU), to address the need for pacing green energy objectives and the GOI's efforts towards carbon neutral economy. The MoU is to explore a joint development of grid connected Renewable Energy based Power Projects including Solar, Wind, Energy storage etc. and/or solutions thereof. Indus Towers aims to expand its renewable energy portfolio in a phased manner to Giga Watt scale capacity, for its business operations spread across the country, as a part of its Net Zero commitments

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NTPC Ltd fell for a fifth straight session today. The stock is quoting at Rs 356.55, down 1.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.8% on the day, quoting at 22093.55. The Sensex is at 72723.77, down 0.92%.NTPC Ltd has gained around 12.42% in last one month.Meanwhile, Nifty Energy index of which NTPC Ltd is a constituent, has increased around 4.39% in last one month and is currently quoting at 39629.25, down 0.36% on the day. The volume in the stock stood at 104.84 lakh shares today, compared to the daily average of 175.02 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 357.9, down 1.08% on the day. NTPC Ltd jumped 110.23% in last one year as compared to a 24.77% rally in NIFTY and a 69% spurt in the Nifty Energy index.

The PE of the stock is 19.26 based on TTM earnings ending December 23.

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NTPC Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 343.9, up 0.45% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.15% on the day, quoting at 22427.95. The Sensex is at 73851.67, down 0.22%. NTPC Ltd has dropped around 2.81% in last one month.

Meanwhile, Nifty Energy index of which NTPC Ltd is a constituent, has dropped around 2.24% in last one month and is currently quoting at 39489.7, up 0.18% on the day. The volume in the stock stood at 43.25 lakh shares today, compared to the daily average of 191.39 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 345.4, up 0.41% on the day. NTPC Ltd is up 93.42% in last one year as compared to a 28.91% gain in NIFTY and a 73.46% gain in the Nifty Energy index.

The PE of the stock is 17.91 based on TTM earnings ending December 23.

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