NTPC share price today: BIG JUMP! 62-week high achieved; make more money from it, check strategy now
NTPC share price today: National Thermal Power Corporation or NTPC share price has scaled its 62-week high recently and the PSU stock has been showing upside swing post-budget 2021.
NTPC share price today: National Thermal Power Corporation or NTPC share price has scaled its 62-week high recently and the PSU stock has been showing upside swing post-budget 2021. As per the NTPC share price history, it had closed at Rs 88.95 levels on 29th January, which was the last trade session ahead of the Union Budget presentation on 1st February 2021. Currently, NTPC share price is trading at Rs 103.55 (at 11:06 AM on 24th February 2021) that means NTPC stock price has surged around 16.4 pct in less than a month.
Speaking on the reason for rise in NTPC share price, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "NTPC shares are showcasing upside swing on non-core asset sale in PSUs announced by the Finance Minister during her budget speech. Apart from this, the company has announced its plans in regard to interest cost restructuring and if that is implemented, it will bring down their debt on the balance sheet."
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Gorakshkar went on to add that the central budget aims to focus on infrastructure. Stock market investors have ideas about where that will lead and hence they are betting heavily on NTPC shares.
On NTPC share price forecast and unveiling the money making strategy for those who want to enter in NTPC shares, SEBI registered technical equity analyst Simi Bhaumik said, "NTPC share price has scaled its 62-week peak recently and if we look at the price chart, it has made a strong breakout by sustaining above Rs 100 per stock levels. One can buy NTPC shares at current levels maintaining strict stop loss below Rs 97 for the immediate target of Rs 120-125 levels in next one to two months. Once, this target is achieve one can hold the stock for next Rs 140 odd levels."
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