NHPC.NS Stock Today, January 03: 5% rally and 4-day win streak fuel momentum
NHPC share price surged 5.10% on 2 January to an intraday high of Rs 83.93 before settling near Rs 83.62. The four-session, 8.9% rise puts NHPC (NHPC.NS) on traders’ radar for 3 January. The move outperformed power sector stocks and the Sensex, with price riding strong momentum signals. We break down key levels, technicals, and valuation so Indian investors can decide how to approach NHPC stock today and what the latest NHPC share news means for near-term action.
Price action and near-term levels
NHPC share price advanced by Rs 4.06 on 2 January, gaining 5.10% day-on-day. It printed an intraday high of Rs 83.93 and a low of Rs 79.50, extending a four-session, 8.9% upswing. The stock also saw a firm close near Rs 83.62, signaling persistent demand through the day. Coverage noting the 5% pop supports the momentum narrative source.
The rally outpaced the broader market and power sector stocks, reflecting strong relative strength. Price stayed above the 50-day average of Rs 79.55 and hovered around the 200-day average of Rs 83.62, keeping the uptrend intact. NHPC share price also traded above its upper Bollinger Band, showing strong momentum after the breakout. This setup keeps buyers interested, but it also raises mean-reversion risks.
Immediate resistance sits at Rs 83.93. A clean breakout could target Rs 85 and then the 52-week high at Rs 92.34. Initial support is near the prior day’s low at Rs 79.50. The upper Bollinger Band near Rs 81.14 may act as dynamic support on dips. NHPC share price action around these levels will guide intraday trades.
Technical indicators at a glance
RSI is 70.50, Stochastic %K is 90.96, and CCI is 225.72, all indicating overbought conditions. MACD histogram is positive at 0.81, confirming bullish momentum. Williams %R at -3.25 also shows strength. Together, these show NHPC share price has strong upside pressure, but the setup is stretched, which calls for disciplined entries and risk controls.
ADX at 30.33 signals a strong trend. Average True Range at Rs 1.69 outlines expected daily swings. Price closed above the upper Bollinger Band at Rs 81.14, a classic sign of sustained momentum that can continue, but with a higher risk of pullbacks. Traders should manage size and use the ATR to set practical stop losses and targets.
Volume jumped to 3.24 crore shares versus the 1.02 crore average, about 3.18 times higher, confirming strong participation. Money Flow Index at 78.99 is elevated, aligning with accumulation. OBV remains negative, which suggests longer-term flow is still catching up. Fresh breakouts backed by strong volume typically improve odds of follow-through days.
Fundamentals, valuation, and events
On valuation, P/E stands at 30.86 with EPS at Rs 2.71. Price-to-book is 2.04. Dividend per share is Rs 1.91, implying a 2.28% dividend yield. These metrics place NHPC in the premium bracket within utilities due to stability and cash visibility. NHPC share price will often react to rate moves and project milestones that shift earnings visibility.
The next earnings date is 5 February 2026. Commentary on hydro plant availability, receivables, and capex pacing will matter for investors in India. Any updates on renewable additions could shape sentiment for power sector stocks. Ahead of results, we expect range-bound trade unless key price levels break with volume.
Despite the rally, MarketsMojo retains a Sell view on the stock, highlighting a divergence between price momentum and their model’s assessment source. This keeps risk-reward balanced for short-term traders. NHPC share price may still trend higher if breakouts sustain, but a rating overhang can cap aggressive upside.
Trading and investing playbook
For day traders, watch Rs 83.93. A sustained push above it can open Rs 85, with stops sized using ATR near Rs 1.5 to Rs 2. On weakness, Rs 81.14 and Rs 79.50 are supports. Consider partial profits on spikes because NHPC share price is overbought. Avoid chasing without a clear risk plan.
Our stock-grade score is 59.23 with a C+ and a Hold stance. Model forecasts point to Rs 72.42 over one month, Rs 76.97 over a quarter, and Rs 89.24 over a year, then Rs 103.83 in three years. Investors can add on dips near supports while tracking the 52-week high at Rs 92.34 and sector flows into power sector stocks.
Final Thoughts
NHPC share price closed 5% higher on 2 January, finishing near Rs 83.62 after touching Rs 83.93. Momentum is strong with RSI above 70 and ADX above 30, and price sits around the 200-day average. Key levels for 3 January are resistance at Rs 83.93 and Rs 85, with support near Rs 81.14 and Rs 79.50. Volume at 3.18 times average confirms participation, but overbought signals argue for patience on entries. With earnings due on 5 February 2026 and a Hold-grade profile, we favor a buy-the-dip approach over chasing breakouts. Manage risk with ATR-based stops and monitor sector cues that can influence power names.
FAQs
It rose 5.10% as buyers chased momentum, pushing the price to Rs 83.93 before closing near Rs 83.62. Volume was about 3.18 times the average, confirming strong participation. Overbought readings show strong demand, but they also suggest near-term pullback risk if the breakout stalls.
Immediate resistance is Rs 83.93, then Rs 85. Supports sit near Rs 81.14, which aligns with the upper Bollinger Band, and Rs 79.50 from the prior day’s low. A breakout above Rs 83.93 with volume can extend the upmove, while a drop below Rs 81.14 can invite profit-taking.
Yes. RSI at 70.50, Stochastic at 90.96, and CCI at 225.72 point to overbought conditions. That does not mean the uptrend ends, but it raises the chance of pauses or dips. Traders should size positions carefully and use ATR-based stops to manage risk during volatile swings.
P/E is 30.86 with EPS at Rs 2.71 and price-to-book at 2.04. Dividend per share is Rs 1.91, implying a 2.28% yield. The mix suggests a quality utility at a moderate premium. Long-term investors often prefer adding on dips near strong supports rather than chasing rallies.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
