NTPC surges 6% on heavy volumes; stock hits over 2-year high

In the past one month, NTPC has outperformed the market by surging 22 per cent on expectation of strong power demand. In comparison, the benchmark index was down 1.3 per cent.

Shares of NTPC hit over two-year high of Rs 163.10, after rallying 6 per cent on the BSE in Monday’s intra-day trade on the back of heavy volumes, in an otherwise weak market. The stock of state-owned electric utilities company traded at its highest level since October 2018.

At 11:10 am; NTPC quoted 5 per cent higher at Rs 161.80 as against 2.1 per cent decline in the S&P BSE Sensex. The trading volumes on the counter nearly doubled as 39.69 million shares changed hands on the NSE and BSE.

In the past one month, NTPC has outperformed