NTPC Shares Jump 7% in 4 Days, Near 52-Week Mark

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Shares of NTPC touched a three-month high of Rs 181.90 in intraday trade on Thursday, up nearly 2% on the BSE. Shares of the state-owned power generation company climbed for a fourth straight day, gaining 7% on strong growth prospects. It was quoted near its 52-week high of Rs 182.80 on November 1, 2022.

NTPC has outperformed the market over the past month, gaining 10%, while the S&P BSE Sensex fell 1.1%.

NTPC is India’s largest power generation company, with an installed capacity of 68.96 GW (including joint ventures) as of March 31, 2022, accounting for approximately 17.2% of the country’s total installed capacity.

The group is a major player in coal-fired power generation in India. Over the years, the group’s coal-based thermal power capacity has increased as a share of India’s total coal-based thermal power plant capacity. Furthermore, it is very diverse regarding customer base, type of fuel used to generate electricity and geographical distribution of capacity.

Double-digit growth in electricity generation over the past two months (January-February 2023) (+10.6% YoY) despite a slowdown in February (+8.3% YoY). Demand continued to grow from January to June this year due to summer demand.

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