NALCO, HPCL, Coal India, Power Grid, PNB and NTPC Share Price Declines as Market Sentiment Remains Cautious
NALCO, HPCL, Coal India, Power Grid, PNB and NTPC were among major losers in the public sector segment while NSE Nifty closed flat on Tuesday. The markets have turned cautious as selling has continued in the Indian markets while global markets have been looking for cues from the US stocks. US markets have witnessed steep correction in the recent days and market participants have become cautious about higher valuation of stocks. Trade war started by US President Trump is another major issue for global markets.
PSU Stock Performance Summary
NALCO: Strong support at Rs 180, resistance at Rs 200. A breakout above Rs 195 could drive it towards Rs 210.
HPCL: Holding support near Rs 310, resistance at Rs 325. A move above Rs 325 could push it towards Rs 340, while a fall below Rs 305 may indicate weakness.
Coal India: Support at Rs 360, resistance at Rs 375. A breakout above Rs 375 could lead to Rs 390, but a drop below Rs 355 requires caution.
Power Grid: Support at Rs 255, resistance at Rs 270. A move above Rs 265 could accelerate bullish momentum.
PNB: Stabilizing around Rs 93, with potential upside if it crosses Rs 97. Strong support remains at Rs 91.
NMDC: Consolidating at Rs 65, resistance at Rs 68. A move above Rs 68 could lead towards Rs 72, while a drop below Rs 64 signals caution.
Stock Performance and Recent Price Action
| Stock | Open (Rs) | High (Rs) | Low (Rs) | Market Cap | P/E Ratio | Dividend Yield | 52-Week High (Rs) | 52-Week Low (Rs) |
|---|---|---|---|---|---|---|---|---|
| NALCO | 189.53 | 190.50 | 179.90 | 331.84B | 7.91 | 5.53% | 262.99 | 130.25 |
| HPCL | 319.30 | 320.25 | 309.35 | 659.66B | 10.94 | 6.77% | 457.15 | 295.37 |
| Coal India | 364.00 | 365.40 | 358.70 | 2.22T | 5.67 | 6.93% | 543.55 | 349.25 |
| Power Grid | 258.80 | 259.95 | 254.90 | 2.38T | 15.27 | 4.11% | 366.25 | 252.20 |
| PNB | 94.00 | 94.79 | 92.66 | 1.07T | 6.16 | 1.61% | 142.90 | 90.16 |
| NMDC | 66.06 | 66.80 | 64.72 | 189.75B | 8.81 | 3.72% | 95.45 | 59.70 |
Fibonacci Levels for Traders
| Stock | 23.6% Level (Rs) | 38.2% Level (Rs) | 50.0% Level (Rs) | 61.8% Level (Rs) | 76.4% Level (Rs) |
|---|---|---|---|---|---|
| NALCO | 168.17 | 187.89 | 196.62 | 205.35 | 224.89 |
| HPCL | 334.12 | 365.21 | 376.26 | 389.18 | 420.29 |
| Coal India | 403.45 | 444.78 | 461.40 | 488.05 | 529.78 |
| Power Grid | 279.38 | 305.21 | 318.23 | 332.55 | 358.92 |
| PNB | 103.12 | 118.78 | 126.53 | 134.28 | 150.94 |
| NMDC | 71.58 | 80.23 | 85.12 | 90.45 | 99.78 |
