NTPC rallies 7% in 4 days, nears 52-week high on strong growth outlook

Power demand will continue to grow from January to June owing to summer demand

Shares of NTPC hit over three-month high of Rs 181.90, up nearly 2 per cent on the BSE in Thursday's intra-day trade. The stock of the state-owned power generation company twas rading higher for a fourth straight day and has rallied 7 per cent during the period on strong growth outlook. It was quoting close to its 52-week high level of Rs 182.80, touched on November 1, 2022.

In the past one month, NTPC has outperformed the market by surging 10 per cent as compared to 1.1 per cent decline in the S&P BSE Sensex.

NTPC is the