NHPC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | NHPC | Market Cap | 77,749 Cr. | Current Price | 77.3 ₹ | High / Low | 92.3 ₹ |
| Stock P/E | 24.4 | Book Value | 39.6 ₹ | Dividend Yield | 2.47 % | ROCE | 7.44 % |
| ROE | 8.40 % | Face Value | 10.0 ₹ | DMA 50 | 76.5 ₹ | DMA 200 | 80.2 ₹ |
| Chg in FII Hold | 0.34 % | Chg in DII Hold | -0.23 % | PAT Qtr | 293 Cr. | PAT Prev Qtr | 926 Cr. |
| RSI | 58.4 | MACD | -0.29 | Volume | 2,97,27,574 | Avg Vol 1Wk | 2,53,83,988 |
| Low price | 68.7 ₹ | High price | 92.3 ₹ | PEG Ratio | -3.79 | Debt to equity | 0.99 |
| 52w Index | 36.7 % | Qtr Profit Var | 7.04 % | EPS | 3.17 ₹ | Industry PE | 30.0 |
📉 Chart & Trend: NHPC is trading at ₹77.3, slightly above the 50 DMA (₹76.5) but below the 200 DMA (₹80.2), indicating short-term strength but medium-term weakness. RSI at 58.4 shows healthy momentum, while MACD at -0.29 reflects mild negative crossover. Bollinger Bands suggest price is mid-range, showing consolidation with limited volatility.
📊 Volume: Current volume (2.97 Cr) is higher than the 1-week average (2.53 Cr), reflecting strong participation and active trading interest.
📈 Momentum Signals: Short-term momentum is neutral-to-positive. Support levels are seen at ₹75–₹76 and strong support at ₹68.7. Resistance lies at ₹80–₹82 (200 DMA) and ₹92.3 (recent high).
🎯 Entry Zone: ₹75–₹76 (risk-managed entry zone).
🚪 Exit Zone: ₹80–₹82 (near 200 DMA resistance).
🔎 Trend Status: Consolidation. The stock is consolidating between support and resistance levels, with short-term strength but medium-term caution.
Positive
- Dividend yield of 2.47% adds investor appeal.
- FII holding increased by 0.34%, reflecting foreign investor confidence.
- EPS at ₹3.17 remains stable despite profit decline.
- Book value of ₹39.6 provides margin of safety relative to current price.
Limitation
- ROCE (7.44%) and ROE (8.40%) are modest compared to peers.
- Debt-to-equity ratio of 0.99 indicates high leverage risk.
- Price trading below 200 DMA reflects medium-term technical weakness.
Company Negative News
- PAT declined sharply from ₹926 Cr to ₹293 Cr, showing earnings pressure.
- DII holding reduced by -0.23%, reflecting weaker domestic institutional sentiment.
Company Positive News
- Quarterly profit variation at 7.04% shows sequential improvement.
- FII inflows highlight confidence in long-term fundamentals.
Industry
- Industry PE at 30.0 is higher than NHPC’s P/E of 24.4, suggesting relative undervaluation.
- Power generation sector benefits from rising energy demand but faces regulatory and tariff-related risks.
Conclusion
⚠️ NHPC is in a consolidation phase, trading above the 50 DMA but below the 200 DMA, with neutral RSI and mild negative MACD. Fundamentals show decent dividend yield, foreign investor confidence, and relative undervaluation compared to industry peers. However, modest ROCE/ROE, high leverage, and declining profits limit upside. Short-term traders may consider entries near ₹75–₹76 with exits around ₹80–₹82, while long-term investors should wait for earnings stability and price recovery above ₹82–₹92 before fresh accumulation.
Would you like me to extend this into a peer benchmarking overlay against other power sector companies like NTPC, Power Grid, and SJVN? That would highlight whether NHPC’s consolidation is sector-driven or company-specific.