NTPC drops amid volatility in today’s trading session

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Market Update, News Update, Intraday Trading TipsShares of National Thermal Power Corporation Ltd, (NTPC) was down 0.43% to Rs 164 at late morning today on BSE. The NTPC said that it has approved upsizing the USD 4 billion MTN programme upto USD 6 billion, whereby its stock witnessed some volatility.

On the BSE, there were 1.65 lakh shares traded on the counter so far as against the ADV of 3.46 lakh shares in the past one quarter. The stock had lost 0.90% at the day’s low of Rs 163.20 during the day and rose 0.18% at the day’s high of Rs 165 during the time.

The NTPC stock had hit a 52-week high of Rs. 177.80 on 27 January 2017, and a 52-week low of Rs. 133.50 on 19 May 2016. The scrip had underperformed the market over the past one quarter, descending 5.37% as against the Sensex’s 7.43 per cent rise. The company has equity capital of Rs. 8245.46 crore.

NTPC shares had risen 3.48% in the previous two trading sessions to settle at Rs. 164.70 yesterday, 19 April 2017, v/s it closing of Rs 159.15 on 17 April 2017. The company’s net profit fell 7.5% to Rs 2,468.72 crore on 11.1% rise in net sales to Rs 19,287.47 crore in Q3 December 2016 year on year.

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