IREDA, RITES, NHPC, NTPC Green Energy Share Price Declines in Positive Market
IREDA, RITES, NHPC and NTPC Green Energy shares were among major losers in PSU segment with overall markets witnessing smart recovery. Indian markets have managed to recover from the recent lows and the current sentiment in the markets is neutral compared to bearish trends witnessed last week. IREDA, RITES and Dredging Corporation stocks closed the session lower while BEL, GAIL, RCF and Rail Vikas Nigam stocks closed in the green. Still, IREDA and NTPC Green Energy are at levels that could give bullish breakout for these stocks if we see positive move tomorrow. TopNews Team has reviewed levels for these stocks for traders and short term investors.
Stock Price Data and Fibonacci Retracement Analysis
| Stock Name | Open (Rs) | High (Rs) | Low (Rs) | Mkt Cap | P/E Ratio | Div Yield | 52-wk High (Rs) | 52-wk Low (Rs) | Fibonacci Levels (Rs) |
|---|---|---|---|---|---|---|---|---|---|
| IREDA | Rs 153.12 | Rs 154.80 | Rs 149.00 | 40.32K Cr | 26.23 | - | Rs 310.00 | Rs 124.40 | 23.6%: Rs 166.22 38.2%: Rs 195.29 50%: Rs 217.20 61.8%: Rs 239.11 |
| NTPC Green Energy | Rs 100.70 | Rs 102.47 | Rs 98.77 | 83.64K Cr | - | - | Rs 155.35 | Rs 84.55 | 23.6%: Rs 101.26 38.2%: Rs 111.59 50%: Rs 119.95 61.8%: Rs 128.30 |
| NHPC | Rs 81.38 | Rs 81.80 | Rs 79.67 | 80.32K Cr | 29.64 | 2.38% | Rs 118.40 | Rs 71.00 | 23.6%: Rs 82.19 38.2%: Rs 89.11 50%: Rs 94.70 61.8%: Rs 100.29 |
| RITES Limited | Rs 231.00 | Rs 233.43 | Rs 225.05 | 10.86K Cr | 31.87 | 3.27% | Rs 398.45 | Rs 192.40 | 23.6%: Rs 241.05 38.2%: Rs 271.15 50%: Rs 295.43 61.8%: Rs 319.72 |
Stock-specific Analysis:
IREDA
- Currently near its 52-week low, IREDA's stock reflects cautious sentiment, yet presents potential buying opportunities for value investors. - The 38.2% Fibonacci level at Rs 195.29 marks a critical threshold, suggesting upside momentum could accelerate upon breaking this resistance. - Absence of dividend yield highlights a growth-oriented strategy rather than income generation, appealing to long-term investors focused on capital appreciation.
NTPC Green Energy
- Stock currently trades close to its yearly low, highlighting bearish sentiment and cautious market perception. - The immediate resistance stands at Rs 111.59 (38.2% Fibonacci retracement), beyond which upward momentum could significantly improve. - With no available P/E ratio or dividend yield, NTPC Green Energy remains speculative, appealing to growth-focused investors betting on renewable energy trends.
NHPC
- Stable dividend yield of 2.38% makes NHPC an attractive prospect for income-focused investors. - At Rs 89.11, the 38.2% Fibonacci retracement represents a key resistance level, pivotal for short-term bullish scenarios. - A relatively moderate P/E ratio of 29.64 indicates the stock is reasonably valued relative to sector peers, reflecting stable fundamentals.
RITES Limited
- A healthy dividend yield of 3.27% offers value, making RITES attractive for dividend-seeking investors looking for steady returns. - Price movements above the Rs 271.15 Fibonacci level (38.2%) could suggest a sustained bullish reversal, potentially signaling investor confidence recovery. - Its current valuation at a P/E of 31.87 signals moderate investor expectations for future earnings growth, presenting opportunities for long-term holding.
