Key Events This Week
1 June: Stock opens at Rs.77.19, down 2.07%
2 June: Intraday low hit at Rs.73.35 amid heavy price pressure
3 June: Significant gap up opening at Rs.75.12, up 3.93%
4 June: Moderate gains continue, closing at Rs.76.14 (+1.36%)
5 June: Week closes lower at Rs.74.95 (-1.56%)
1 June 2026: Weak Start Amid Broader Market Decline
NHPC Ltd began the week on a subdued note, closing at Rs.77.19, down 2.07% from the previous Friday’s close of Rs.78.82. This decline was sharper than the Sensex’s 0.96% drop to 35,077.62, signalling early selling pressure on the stock. The volume was relatively low at 389,374 shares, reflecting cautious investor sentiment. The broader market weakness set a challenging tone for NHPC Ltd’s trading in the days ahead.
2 June 2026: Intraday Low Amid Heavy Price Pressure
On 2 June, NHPC Ltd faced significant selling pressure, hitting an intraday low of Rs.73.35, a 4.97% drop from the previous close. The stock closed at Rs.72.28, down 6.36% for the day, markedly underperforming the Sensex which gained 0.43% to 35,227.64. This steep decline extended the stock’s losing streak to three sessions, with a cumulative fall of 9.14%. Technical indicators showed the stock trading below all major moving averages, reinforcing a bearish outlook. The MarketsMOJO Mojo Score stood at 21.0, categorised as a Strong Sell, reflecting deteriorated fundamentals and price trends.
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3 June 2026: Strong Gap Up Signals Short-Term Rebound
Following the sharp declines, NHPC Ltd opened with a significant gap up of 4.72% on 3 June, closing at Rs.75.12, up 3.93% for the day. The intraday high reached Rs.75.99, a 5.13% increase from the previous close. This rebound outperformed the Sensex, which fell 0.34% to 35,107.33, and the power sector, indicating a positive shift in market sentiment. Despite this, the stock remained below key moving averages, and technical indicators presented a mixed picture with weekly MACD mildly bullish but monthly MACD bearish. The Mojo Score remained at 16.0, maintaining a Strong Sell rating, signalling ongoing caution despite the short-term bounce.
4 June 2026: Moderate Gains Continue Amid Mixed Technical Signals
NHPC Ltd extended its recovery on 4 June, closing at Rs.76.14, up 1.36%. The Sensex also gained 0.19% to 35,175.61, but NHPC Ltd’s outperformance was notable given its recent volatility. The volume remained robust at over 5.5 million shares, suggesting sustained trading interest. Technical indicators continued to show bearish momentum on monthly charts, while weekly signals hinted at mild bullishness. The stock’s beta of 1.20 indicates higher volatility relative to the market, consistent with the observed price swings.
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5 June 2026: Week Ends Lower Amid Renewed Selling
The week concluded with NHPC Ltd closing at Rs.74.95, down 1.56% on the day and 4.91% for the week. The Sensex also declined 0.10% to 35,141.95, but NHPC Ltd’s larger drop highlighted continued volatility and investor caution. Volume tapered to 2.4 million shares, reflecting reduced trading activity. The stock remains below all major moving averages, and the Strong Sell rating from MarketsMOJO persists, underscoring the cautious outlook despite intermittent rebounds.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-06-01 | Rs.77.19 | -2.07% | 35,077.62 | -0.96% |
| 2026-06-02 | Rs.72.28 | -6.36% | 35,227.64 | +0.43% |
| 2026-06-03 | Rs.75.12 | +3.93% | 35,107.33 | -0.34% |
| 2026-06-04 | Rs.76.14 | +1.36% | 35,175.61 | +0.19% |
| 2026-06-05 | Rs.74.95 | -1.56% | 35,141.95 | -0.10% |
Key Takeaways
Underperformance and Volatility: NHPC Ltd’s 4.91% weekly decline significantly outpaced the Sensex’s 0.78% drop, reflecting heightened volatility and investor caution. The stock’s beta of 1.20 indicates amplified price swings relative to the broader market.
Technical Weakness Persists: The stock remains below all major moving averages, with bearish signals dominating monthly charts. Mixed weekly indicators suggest short-term momentum improvements but do not negate the prevailing downtrend.
Strong Sell Rating Maintained: MarketsMOJO’s Mojo Score of 16.0 and Strong Sell grade highlight deteriorated fundamentals and cautionary signals, consistent with the stock’s recent price action and technical profile.
Intraday Swings Reflect Market Sentiment: The sharp intraday low on 2 June and gap up on 3 June illustrate the stock’s sensitivity to market sentiment shifts, underscoring its high beta nature and the influence of broader market conditions.
Conclusion
NHPC Ltd’s trading week was characterised by significant price volatility and a clear downward trajectory. Despite a brief rebound midweek, the stock closed the week lower, underperforming the Sensex and maintaining a bearish technical stance. The Strong Sell rating from MarketsMOJO reinforces the cautious outlook, suggesting that investors should closely monitor technical signals and broader market trends before considering exposure. The stock’s high beta profile means it remains susceptible to sharp moves, both positive and negative, in response to market developments.
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