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Could NTPC Be the Next Big PSU Stock to Watch in 2026?

Could NTPC Be the Next Big PSU Stock to Watch in 2026?

Source: shutterstock

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Highlights

  • NTPC shares rose nearly 2% during intraday trading on May 14, 2026.
  • The stock has delivered over 127% returns during the past three-year period.
  • Trading volumes crossed 43 lakh shares amid active participation in power counters.

Shares of NTPC Limited (NSE:NTPC) traded higher on May 14, 2026, as investors continued monitoring activity across power and utility sector stocks. The stock traded at INR 397.15 during intraday trade, up 1.72% from the previous close of INR 390.45. NTPC opened at INR 393.70 and touched an intraday high of INR 398.55.

The session low stood at INR 391.20, while the stock’s VWAP was recorded at INR 395.60. NTPC remained below its 52-week high of INR 414.40 recorded on April 27, 2026. The stock’s 52-week low stands at INR 315.55.


Source: Trading View

Trading Activity Remains Active

Trading volume during the session stood at 43.29 lakh shares, while traded value reached INR 171.27 crore. Deliverable quantity accounted for 48.06% of traded volume, while the stock’s impact cost remained low at 0.03.

The company’s market capitalisation stood at approximately INR 3.84 lakh crore, while free float market capitalisation was reported at INR 1.87 lakh crore. The applicable margin rate for the stock remained at 12.50%.

Operations Span Multiple Energy Businesses

NTPC is primarily engaged in generation and sale of bulk power to state power utilities through its subsidiaries, associates and joint ventures. The company also operates in consultancy, project management, supervision, energy trading, oil and gas exploration and coal mining activities.

As one of India’s major power generation companies, NTPC remains closely linked to electricity demand growth and infrastructure expansion trends.

Source: company filing

Volatility Metrics Remain Moderate

The stock’s annualised volatility stood at 27.13%, while daily volatility was recorded at 1.42%. The upper price band for the session was fixed at INR 429.45, while the lower band stood at INR 351.45. NTPC remained among actively traded large-cap PSU counters during the session.

Long-Term Returns Outperform Benchmark

NTPC outperformed the benchmark NIFTY 50 index across multiple periods. The stock gained 18.12% on a year-to-date basis and 17.34% over one year. Over three years, NTPC delivered returns of 127.06%, while five-year returns stood at 256.60%.The benchmark NIFTY 50 posted comparatively lower returns during the same periods.

Investors continued tracking electricity demand trends, power generation activity and infrastructure-related developments across the utilities sector.

Key Risks

  • Fuel cost fluctuations may affect operating margins and profitability levels.
  • Regulatory tariff changes could impact revenue visibility for power utilities.
  • Delays in project execution may influence future capacity expansion timelines.
  • Power demand slowdown may affect electricity generation and utilisation levels.

Summary

NTPC (NSE:NTPC) shares gained nearly 2% during intraday trading on May 14, 2026, amid continued investor interest in power sector counters. The stock has delivered over 127% returns during the past three years as market participants tracked electricity demand, power generation activity and broader infrastructure-linked developments across the utilities sector.

FAQs

  1. Why did NTPC shares rise on May 14, 2026?
    The stock gained amid continued investor interest in power and utility sector companies.
  2. What is NTPC’s 52-week high level?
    NTPC touched its 52-week high of INR 414.40 on April 27, 2026.
  3. What businesses does NTPC operate in?
    NTPC operates in power generation, energy trading, consultancy, coal mining and related energy businesses.

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