NTPC Ltd. Stock Declines -3.0% Amidst Bearish Trend in Power Sector
On November 21, 2024, NTPC Ltd., a largecap company in the power generation and distribution industry, saw a decline in its stock price by -3.0%. This is in line with the sector's overall performance, with the stock trading below its moving averages and a consecutive fall of -6.58% in the past four days. MarketsMojo has given a 'Hold' call for the stock.
NTPC Ltd., a largecap company in the power generation and distribution industry, has seen a decline in its stock price on November 21, 2024. The stock has lost -3.0% on this day, in line with the overall performance of the sector. The stock has been on a downward trend for the past four days, with a consecutive fall of -6.58% during this period.
On November 21, the stock touched an intraday low of Rs 354.8, a decrease of -3.09% from the previous day's closing price. NTPC's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.
The power generation and distribution sector as a whole has also seen a decline of -2.7%, further contributing to NTPC's stock performance. However, it is important to note that NTPC's 1-day performance of -3.00% is higher than the Sensex's performance of -0.60%, indicating a relatively stronger performance by the company.
In the past month, NTPC's stock has seen a decline of -16.47%, while the Sensex has seen a decline of -4.98%. This further highlights the underperformance of NTPC's stock in comparison to the overall market.
Based on these factors, MarketsMOJO has given a 'Hold' call for NTPC's stock. Investors should keep a close eye on the company's performance and the overall market trends before making any investment decisions.
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