NTPC’s shares rise by almost 4% after approval of major investment in power project  

Shares of the state-owned power company, NTPC, increased by nearly 4% on Monday, reaching a 52-week high of Rs 354 on the National Stock Exchange (NSE). 

The surge in the stock price was due to the company’s filing with the stock exchanges, informing them about the board’s approval for investments worth Rs 17,195.31 crore

This led to strong buying activity in the stock, with over 58.26 lakh shares changing hands on the NSE by around 9:35 am. 

The total traded value of the stock stood at a significant Rs 204.76 crore during this period.  

NTPC also emerged as the top gainer on the Nifty index around the same time, further highlighting the positive investor sentiment surrounding the company’s announcement.  

Analysts believe the board’s approval for the Singrauli project has instilled confidence among investors. This is seen as a positive step towards NTPC’s capacity expansion plans.  

The project is expected to play a crucial role in meeting the country’s growing electricity demand. Investors are optimistic about its potential to contribute to the company’s future growth.  

NTPC has consistently reported strong financial results, with a healthy net profit margin and robust cash flow generation. 

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