Stock market analyst Hitendra Vasudeo of stockmechanics.com has suggested investors to sell NTPC stock as there are full chances of a downward trend in this stock.

The stock is trading weak after opening at Rs 176, against its last closure at Rs 173.50 on the Bombay Stock Exchange (BSE).

Stock analysts also suggested that if the stock fell below Rs 167, it may see more weakness. So the investors must sell the stock below Rs 169 with a stop Loss of Rs 172 to achieve a target that lies between Rs 165 and Rs 163.

The stock also traded weak on Thursday. So, the investors should not hold the stock at the moment

After selling the stock in today’s session, the interested investors can enter the stock again, but only on declines.

NTPC’s 2x490 mw coal-based power generating units at Dadri in Uttar Pradesh has been set up as a part of the infrastructure for the Commonwealth Games will be commissioned on schedule by September 2009 and January 2010 respectively.

Around 90 percent of the power produced will be destined for Delhi and the remaining 10% for UP.

The company has profitably synchronized a 500 mw unit of Sipat super thermal power project-stage II situated in Chattisgarh on August 13, 2008.

This is the second division, which has been accredited with regard to Sipat super thermal power project intended to have a vital capacity of 2,980 mw.

With the commissioning of this facility, the company’s overall installed capacity is 29,894 mw.

NTPC announced that a memorandum of understanding (MoU) was signed on Aug 8, 2008 with NHPC, Power Finance Corporation (PFC) and Tata Consultancy Services (TCS) for incorporation of a JV company to establish and run a power exchange at national level.

National Thermal Power Corporation (NTPC) is learnt to be in talks to buy at least one coal mine in Indonesia and taking a long lease on another.