NTPC surges over 4% on heavy volumes; stock nears 5-year high

With strong focus on alternate energy spectrum, analysts at ICICI Securities believe NTPC may be able to break the underperformance of the last decade

Shares of NTPC moved higher by 4.5 per cent, hitting a nearly five-year high of Rs 180.85 on the BSE in Tuesday’s intra-day trade, lifted by heavy volumes. Currently, it is quoting at its highest level since December 2017. The stock had hit a record high of Rs 243 on January 15, 2008, data shows.

At 12:50 PM, NTPC was trading 4 per cent higher at Rs 179.35, and was the top gainer among the Sensex stocks. In comparison, the S&P BSE Sensex was up 0.55 per cent. The average trading volumes on the counter more-than-doubled today with a