NTPC.NS Stock Today: January 03 – Nuclear deals, CCTE stake talks lift stock
NTPC share price surged today after the utility confirmed progress on nuclear partnerships. Shares of NTPC.NS rose 4.7% to ₹352.10, hitting a day high of ₹353.00 versus a low of ₹335.95. Volume spiked to 2.31 crore shares, nearly 3x the 20-day average of 0.81 crore. The move added to a market cap of about ₹3.41 lakh crore. The rally follows CCTE stake talks and NDAs with Rosatom and EDF, which support NTPC’s long-term goal of up to 30 GW nuclear capacity.
NTPC share price jumps on nuclear signals
The stock opened at ₹336.80 and quickly extended gains to ₹353.00, closing near intraday highs at ₹352.10, up ₹15.80 or 4.7%. Despite today’s strength, the YTD change is about -2.4% and the 1-year return is roughly -17%. Liquidity improved with 2.31 crore shares traded, far above normal. The move positions the stock near its 52-week high of ₹371.45, which is a key resistance.
Management confirmed exploring a minority stake in Clean Core Thorium Energy and signed NDAs with Rosatom and EDF, reinforcing nuclear ambitions. These disclosures set expectations for technology access and collaboration roadmaps. See details in The Hindu source and Economic Times coverage source.
Momentum is hot: RSI at 81 signals overbought, with ADX 30.5 indicating a strong trend. Price is well above the 50-DMA ₹327.34 and 200-DMA ₹337.34. Bollinger upper band was ₹339.52, so today’s close sits outside bands, often followed by consolidation. Immediate supports sit near ₹340 and ₹337. A retest of ₹371.45 would need sustained volume and follow-through.
What the nuclear push could mean for earnings
NTPC nuclear plans target up to 30 GW over time, shifting the mix beyond coal and renewables. CCTE stake talks and NDAs with Rosatom and EDF suggest access to advanced reactor tech and potential fuel solutions. For India, more firm baseload power supports demand growth, grid stability, and decarbonisation goals while complementing NTPC’s existing hydro and solar pipeline.
Potential earnings lift can come from regulated returns on new nuclear assets, better baseload availability, and lower carbon intensity. Investors will focus on capex phasing, tariff design, and project IRRs. Visibility on localisation, supply chains, and financing costs will shape valuation. Any clarity on initial reactor count, sites, and commissioning windows would help model medium-term EPS trajectories.
Nuclear cycles are long. Key risks include approvals, technology adaptation, capex overruns, and fuel supply. Thorium pathways may face added qualification and regulatory steps. Execution discipline and JV structures will matter for returns. Timelines should be seen in years, not quarters, so near-term price action can be volatile as the market reprices optionality on partial information.
Key metrics investors are tracking
At ₹352.10, NTPC trades near 18.8x trailing EPS of ₹18.70 and about 1.78x book value per share of ₹205.75. The dividend yield is roughly 2.44% TTM, offering income while nuclear optionality builds. Balance sheet leverage is moderate with debt-to-equity near 1.33, consistent with a regulated utility funding large projects.
Q3 FY26 results are scheduled on 29 January 2026. Watch for capex guidance, nuclear roadmap specifics, and updates on JV structures. Operationally, trends in plant load factors, receivables, and coal availability remain important. Commentary on renewable additions, merchant exposure, and tariff pass-throughs can influence the NTPC share price reaction.
ATR is ₹5.33, pointing to wider daily swings. Money Flow Index at 73 suggests strong but not extreme inflows, while OBV is rising with today’s heavy turnover. With RSI over 80 and price outside upper bands, risk of near-term cooling exists. Pullbacks toward ₹340–₹337 could test trend strength before any attempt at the ₹371.45 high.
How to approach NTPC after today’s move
Bull case needs formal partnership announcements, site approvals, and early project timelines. Base case assumes gradual disclosures without immediate capex spikes. Bear case sees delays or unclear economics. Near term, the NTPC share price may consolidate after the breakout. New information on CCTE stake talks or reactor choice would likely reset expectations quickly.
NTPC offers a mix of stable dividends and long-duration growth. It may suit core allocations in utilities with a moderate risk profile. Our composite score is 61.3, Grade B, suggesting HOLD while awaiting more nuclear detail. Position sizing should reflect execution and policy risks, and the stock’s tendency to react strongly to news.
Final Thoughts
The NTPC share price rallied on credible nuclear signals, with CCTE stake talks and NDAs with Rosatom and EDF strengthening the company’s long-term roadmap. Price action is strong and momentum is elevated, but technicals are overbought, often a sign to expect short pauses. For fundamentals, investors should track capex phasing, regulatory clarity, and technology choices that define returns. The 29 January results and any partnership updates are key near-term catalysts. For now, NTPC remains a core utility with an emerging growth angle from nuclear. Manage risk, scale entries, and reassess as disclosures improve. This article is for information only, not investment advice.
FAQs
The NTPC share price jumped after the utility confirmed work on global nuclear partnerships. Management is exploring a minority stake in Clean Core Thorium Energy and has NDAs with Rosatom and EDF. These steps support plans for up to 30 GW nuclear capacity, which the market views as a long-term earnings and mix positive.
CCTE stake talks could offer access to thorium-based technology and know-how. Even a small stake can help NTPC evaluate designs, fuel cycles, and localisation pathways. The impact depends on project selection, timelines, and regulatory approvals. For now, it boosts optionality and supports sentiment around NTPC nuclear plans.
NDAs with Rosatom and EDF enable information sharing on reactor technology, fuel, and potential collaboration structures. This is an early step, not a final contract. Any move to firm up sites, capacities, and timelines would be the next milestone. Updates here can swing the NTPC share price near term.
It depends on your risk and horizon. Momentum is strong but RSI is overbought, so consolidation is possible. Long-term investors may prefer staggered entries around support zones. Watch 50-DMA and 200-DMA, the 29 January results, and concrete nuclear updates before taking bigger positions.
Key levels include support near ₹340–₹337 and resistance at ₹371.45. Watch the 50-DMA ₹327.34 for trend health. The next known date is Q3 FY26 results on 29 January 2026. Any disclosures on CCTE stake talks or reactor partnerships could quickly influence the NTPC share price.
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.
