A power hungry India makes NTPC stock a clear winner
Mumbai: Shares of NTPC surged to their all-time high on Thursday, extending their recent bullish run, as investors see the company as one of the biggest beneficiaries of the growing power demand with the government aiming to build India as a manufacturing powerhouse.
The company’s dominant position in the thermal power space and the plan to up capacity for renewable energy manyfold in the next few years are seen benefiting the state-owned power producer, whose stock ended as the best performer on the Nifty 50 on Thursday at ₹317.10, up 3.6% from the previous close. The stock hit a lifetime high of ₹321.75 earlier in the day.
