Shares of NTPC Ltd fell nearly 4% to ₹321.30 on the BSE on June 24, 2025, after 0.9% of the company’s equity changed hands through large block deals. The transactions, valued at approximately ₹1,547 crore, involved the exchange of 4.78 crore shares, though the identities of the buyers and sellers remain undisclosed.
Market Reaction and Trading Volumes
The stock’s sharp decline came amid strong trading volumes on both the NSE and BSE, making NTPC one of the top losers of the day. Despite the broader market rally, the power PSU’s stock underperformed, reflecting investor caution ahead of key financial decisions.
Fundraising Plans in Focus
The dip also precedes NTPC’s upcoming board meeting to consider raising up to ₹18,000 crore through the issuance of non-convertible debentures (NCDs). This follows the company’s recent ₹4,000 crore NCD issuance on June 17, carrying a 6.89% coupon rate and a 10-year maturity.
Financial Snapshot
For Q4 FY24, NTPC reported a 22.6% sequential rise in net profit to ₹5,778 crore, with revenue climbing to ₹43,903.7 crore. However, EBITDA fell 6% quarter-on-quarter, and operating margins slipped from 28.9% to 25.6%, raising concerns about cost pressures.
Analyst Outlook
Despite the short-term dip, analysts remain largely bullish. According to Trendlyne, the average target price for NTPC is ₹418, indicating a potential 29% upside from current levels. The stock’s Relative Strength Index (RSI) stands at 44.8, suggesting neutral momentum.
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