NTPC Gains 2.09% on Wednesday; Power Demand Optimism and Nuclear Ambitions Keep Buyers Engaged

Mumbai, May 17: NTPC (NSE: NTPC) had a strong Wednesday session, opening at ₹390.35 against a previous close of ₹389.70 before surging to a session high of ₹403.10 in the first hour of trade as power sector buying gathered momentum. The stock pulled back from that peak through mid-morning and consolidated in the ₹394–397 range for most of the afternoon, before edging back up toward the close to finish at ₹398.15 up ₹8.45 or 2.17% from Tuesday’s close with the last traded price at ₹397.85, up 2.09%.

The VWAP for the session stood at ₹396.82, confirming that the bulk of the day’s volume was transacted at prices well above the previous close and that buying was broadly distributed across the session rather than concentrated in any single burst.

Order Book

At the close of trade, the order book showed 242 shares on the bid side at ₹398.15 with no sellers visible a 100% buy-side configuration that underscores the strong demand overhang for the stock even at the day’s closing price. The absence of any sell orders in the visible order book suggests that sellers have been absorbed through the session and that buyers are willing to pay up for available supply.

Weekly Trend

The weekly chart reflects a stock that dipped sharply mid-week before staging a meaningful recovery. NTPC opened the week near ₹392.50 on May 20 before falling to a weekly low of approximately ₹388.50 on May 21 as broader market selling weighed on the power sector. The stock stabilised gradually through May 22 and 23 at around ₹389–390 before recovering to ₹391 on May 25, and Wednesday’s close of ₹398.15 marks the highest level of the week by a clear margin. The week’s pattern sharp dip followed by a strong V-shaped recovery is consistent with institutional accumulation at lower levels and reflects growing conviction in NTPC’s earnings and capacity addition story.

NTPC’s Nuclear Ambitions

In line with India’s target of achieving 100 GW of nuclear energy capacity by 2047, NTPC has begun site selection studies in Gujarat, Andhra Pradesh, Odisha and Madhya Pradesh as part of its long-term plan to develop 30 GW of nuclear power capacity across at least 14 states. The company disclosed in its post-earnings presentation that potential sites have been identified across multiple states, with formal studies now underway in the four named states as a first phase of what will be a multi-decade, multi-lakh crore investment programme.

Coastal and riverine states are considered particularly suitable for nuclear projects, given that a continuous and large water supply is a non-negotiable operational requirement, making Andhra Pradesh, Gujarat and Odisha natural priorities in NTPC’s site selection process.

NTPC is also understood to be close to submitting its first feasibility study for a nuclear project to the Department of Atomic Energy for formal approval, a milestone that would mark the company’s formal entry into India’s nuclear power sector. Feasibility work in at least two additional states beyond the initial four is also under way, suggesting that NTPC’s nuclear portfolio could expand significantly in scope and scale over the coming years as the regulatory and site clearance process progresses.

Source:

• https://www.nseindia.com/get-quote/equity/NTPC/NTPC-Limited