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NTPC Ltd rose for a third straight session today. The stock is quoting at Rs 386.8, up 1.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 24341.6. The Sensex is at 79865.77, down 0.7%. NTPC Ltd has added around 7.19% in last one month.
Meanwhile, Nifty Energy index of which NTPC Ltd is a constituent, has added around 4.66% in last one month and is currently quoting at 41719.5, up 0.99% on the day. The volume in the stock stood at 234.89 lakh shares today, compared to the daily average of 196.03 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 385.6, up 1.03% on the day. NTPC Ltd is up 92.77% in last one year as compared to a 23.68% gain in NIFTY and a 61.56% gain in the Nifty Energy index.
The PE of the stock is 21.21 based on TTM earnings ending March 24.
On the BSE, NTPC added 2.15% to Rs 381.60 while Bharat Heavy Electricals gained 1.25% to Rs 308.70.
As per reports, the aforementioned AUSC technology has been developed indigenously through a consortium of Bharat Heavy Electricals Limited, Indira Gandhi Centre for Atomic Research and NTPC. The central government has reportedly spent Rs 1,554 crore on developing the technology.
The Union Finance Minsiter said: 'Government to partner with partner with private sector to set up Bharat small reactors. Joint venture between NTPC and BHEL to set up full-scale 800 MW commercial plant using AUSC (Advanced Ultra Supercritical) technology. Government to provide required fiscal support for NTPC, BHEL JV.'
Finance Minister Nirmala Sitharaman is presenting the first Union Budget of the Modi 3.0 government and her 7th consecutive one during the Monsoon Session of Parliament.