Key Events This Week
Mar 09: Stock opens at Rs.376.45 amid broad market weakness
Mar 10: Slight recovery with Rs.377.30 close as Sensex rebounds
Mar 11: Continued gains to Rs.380.00 despite Sensex decline
Mar 12: New 52-week high of Rs.392 reached with strong volume
Mar 13: Further 52-week high at Rs.393.35 before closing at Rs.384.45
9 March 2026: Market Weakness Sets the Stage
NTPC Ltd opened the week at Rs.376.45, down 1.05% from the previous close, mirroring the broader market's sharp decline. The Sensex fell 1.91% to 34,557.39 amid widespread selling pressure. Despite the negative sentiment, NTPC's volume of 431,158 shares indicated steady investor interest, setting a base for recovery in the coming sessions.
10 March 2026: Modest Recovery as Sensex Rebounds
The stock edged up 0.23% to close at Rs.377.30, supported by a 1.30% rally in the Sensex to 35,005.20. Volume dipped slightly to 402,216 shares, reflecting cautious optimism. NTPC's ability to hold gains despite mixed market signals suggested underlying strength relative to the benchmark.
11 March 2026: Continued Gains Amid Market Decline
NTPC advanced 0.72% to Rs.380.00, outperforming the Sensex which dropped 1.36% to 34,529.78. The stock's volume rose to 420,873 shares, signalling renewed buying interest. This day marked the start of a three-day consecutive gain streak, highlighting growing momentum despite the broader market's volatility.
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12 March 2026: New 52-Week High Amid Sector Strength
NTPC Ltd surged 2.79% to close at Rs.390.60, hitting a new 52-week high of Rs.392 intraday. This marked the third consecutive day of gains, with the stock delivering a cumulative 4.06% return over this period. The power sector gained 3.67% on the day, with NTPC slightly underperforming peers by 0.34%. The broader Sensex declined 0.66%, underscoring NTPC's relative resilience.
Technical indicators were supportive, with the stock trading above all key moving averages (5-day to 200-day) and bullish signals from daily and weekly MACD and KST. However, monthly momentum indicators showed mild bearishness, suggesting some caution for longer-term investors. The Mojo Score stood at 58.0 with a 'Hold' rating, upgraded from 'Sell' on 14 February 2026, reflecting improved fundamentals and technical strength.
13 March 2026: Sustained Momentum and Technical Upgrade
NTPC reached another 52-week high at Rs.393.35 before closing lower at Rs.384.45, down 1.57% on the day. Despite the intraday pullback, the stock maintained a four-day consecutive gain streak of 3.94%. The Sensex fell 2.29%, continuing its three-week decline. NTPC's technical momentum shifted to a more confident bullish trend, supported by strong moving averages and positive MACD readings on weekly and monthly charts.
The Mojo Score improved to 65.0, maintaining a 'Hold' rating, signalling a constructive outlook amid cautious market conditions. Bollinger Bands and On-Balance Volume indicators suggested sustained buying interest, while the RSI remained neutral, indicating room for further gains without immediate overbought risk.
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Weekly Price Performance: NTPC vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-03-09 | Rs.376.45 | -1.05% | 34,557.39 | -1.91% |
| 2026-03-10 | Rs.377.30 | +0.23% | 35,005.20 | +1.30% |
| 2026-03-11 | Rs.380.00 | +0.72% | 34,529.78 | -1.36% |
| 2026-03-12 | Rs.390.60 | +2.79% | 34,300.49 | -0.66% |
| 2026-03-13 | Rs.384.45 | -1.57% | 33,516.43 | -2.29% |
Key Takeaways
Positive Signals: NTPC demonstrated resilience by gaining 1.05% for the week while the Sensex declined 4.87%, highlighting strong relative strength. The stock reached new 52-week highs on 12 and 13 March, supported by bullish technical indicators including MACD, moving averages, and Bollinger Bands. The Mojo Score upgrade to 65.0 and Hold rating reflect improved fundamentals and technical momentum. Sector strength in power generation also contributed positively.
Cautionary Notes: Despite short-term bullishness, some monthly technical indicators such as KST and RSI show mild bearishness, suggesting investors should monitor longer-term momentum carefully. The broader market remains weak with the Sensex below key moving averages, indicating potential headwinds. The stock’s proximity to 52-week highs may present resistance levels that could limit near-term upside.
Conclusion
NTPC Ltd’s performance during the week of 9 to 13 March 2026 was marked by steady gains and technical strength amid a challenging market environment. The stock’s ability to outperform the Sensex by nearly 6 percentage points and achieve new 52-week highs underscores its resilience and leadership within the power sector. The upgrade in Mojo Score and sustained bullish momentum provide a constructive outlook, although caution is warranted given mixed monthly indicators and broader market softness. Overall, NTPC remains a notable large-cap stock demonstrating relative stability and positive technical trends in a volatile market backdrop.
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