NTPC Ltd. Stock Sees Decline Amidst Overall Sector Fall on October 7th, 2024

Oct 07 2024 12:00 PM IST
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On October 7th, 2024, NTPC Ltd., a largecap company in the power generation and distribution industry, saw a decline in its stock price by -3.12%. This was due to the overall fall in the sector, with a decrease of -2.82%. However, the stock is still performing well in the long term, trading higher than its moving averages. It has also outperformed the market in the last 1 month. This information is based on factual data and does not provide any recommendations or predictions. Investors are advised to conduct their own research and seek professional advice before making any investment decisions.

NTPC Ltd., a largecap company in the power generation and distribution industry, has seen a decline in its stock price on October 7th, 2024. The stock closed at Rs. 415.10, down by -3.12% from the previous day's closing price. This decline has been attributed to the overall fall in the power generation/distribution sector, which has seen a decrease of -2.82%.

According to MarketsMOJO, a leading stock market analysis and recommendation platform, the current stock call for NTPC Ltd. is 'Hold'. The stock has been underperforming in the last 4 days, with a consecutive fall of -5.35% in returns. It also touched an intraday low of Rs. 413.25, showing a decline of -3.93%.

However, despite the recent decline, NTPC Ltd.'s stock is still performing well in the long term. It is currently trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day moving average, indicating a short-term decline.

In comparison to the overall market performance, NTPC Ltd. has underperformed the Sensex by -3.12% in the last 1 day and has outperformed by 5.47% in the last 1 month. This shows that while the stock may have seen a decline in the short term, it has been performing well in the long term.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of NTPC Ltd. or its stock. Investors are advised to do their own research and consult with financial experts before making any investment decisions.
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