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NHPC Stock Drops as Market Suffers Losses

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5 meses ago

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The National Hydroelectric Power Corporation (NHPC) witnessed a drop in its stock price today as the overall market experienced losses. NHPC’s stock opened at ₹99.85 and closed at ₹100.75 on the BSE.

The market capitalization of NHPC stood at ₹100651.25 crore, with a 52-week high and low recorded at ₹117.8 and ₹44.82, respectively. The trading volume for NHPC shares on the BSE was 829225.

According to technical analysis, the short-term trend of NHPC shares is bearish, while the long-term trend is bullish.

On the trading front, NHPC share price was fluctuating between key levels of ₹99.81 and ₹101.56 during the day. Traders are closely monitoring these support and resistance levels for potential trading opportunities.

Volume traded is a significant indicator for trend analysis, and as of 11 AM today, NHPC’s trading volume was down by 31.69% compared to the previous day. The stock price was at ₹99.95, reflecting a 0.79% decrease.

In the past hour, NHPC shares moved between the hourly support at ₹99.67 and the hourly resistance at ₹100.57. Traders could employ rangebound trading strategies based on these levels.

Rachel Adams

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