NHPC Ltd Faces Extended Decline Amid Broader Market Challenges

NHPC Ltd, a key player in the power generation and distribution sector, is currently experiencing a notable decline, with a drop of 3.1% on January 13, 2025. This marks the sixth consecutive day of losses for the stock, which has underperformed its sector by 2.21%, totaling a significant decrease of 10.54% over this period. On this trading day, NHPC opened with a gap down, reflecting an initial loss of 2.2%, and reached an intraday low of Rs 73.93, down 3.59%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend. In comparison to the broader market, NHPC's one-day performance of -3.35% stands in contrast to the Sensex, which declined by only 0.89%. Over the past month, NHPC has faced a substantial drop of 13.25%, while the Sensex has decreased by 6.63%. These trends highlight the challenges NHPC is currently facing in the market.