NTPC is one of the many Public Sector companies having a dream run. This has been a sector that has been long neglected by the markets and after many years a lot of these PSE are finding investor fancy.
We are in a phase of sectoral rotation. Some sectoral rotations die down within a short time of a few weeks, some last longer for a few months. PSE companies have started their run since past few weeks. ( Defence and railway PSU stocks have had a stellar run till now and its been more than a few weeks run for them. )
When stocks start these sectoral rallies, the reason for moves in individual stocks is often difficult to figure out initially. Maybe in some cases, the reasons come out later on once the stocks are halfway up in their rallies. Regarding NTPC, I only track the stock price movement and the chart structure as I find it difficult to figure out the fundamentals of the company. So not much idea about the reason behind NTPC run up.
@kapilsk_sk I don’t track either suven or andhra sugar.
@alchemist I don’t track ACGL.
@Nilesh27 I dont track Best Agro.
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