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NTPC shares may rise 40% on CLSA's capex roadmap

pre-market1 source ↓written by the desknot a recommendation

aimed at expanding
$178 billion capex roadmap
64 GW
149 GW by FY32
244 GW by FY37

CLSA has maintained an Outperform rating on NTPC with a target price of ₹459, indicating an implied upside of 40% from the last close of ₹327. The firm highlights a $178 billion capex roadmap aimed at expanding capacity from 64 GW to 149 GW by FY32 and 244 GW by FY37. Investors are particularly optimistic about NTPC's strategies in battery storage and nuclear power, which could significantly enhance its market position.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 29 Sept 2026, 07:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

NTPC closed +0.8% on the day of the news, from ₹321.10 to ₹323.50; Nifty −0.3% over the same session; futures OI −1.6%.

Bulletin at 07:06 IST on 29 Sept 2026. Every change is measured from ₹321.10, the last close before it, on 28 Sept. Nifty 50 is measured over the same sessions.

  • NTPC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
NTPC closes around the bulletin against the close before the news, with Nifty 50 rebased to it299.27321.10342.93axis spans 15%before the news · 28 Sept321.10Nifty 50NTPCbulletinD0+122 Sept28 Sept1 OctFutures open interest, lotspeak 77,000Reference close ₹321.10. 8 sessions from 22 Sept to 1 Oct; the price axis spans 15 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before28 Sept₹321.10basebase
On the day29 Sept₹323.50▲ +0.8%▼ −0.3%+1.0 pp difference
+1 session30 Sept₹322.75▲ +0.5%▼ −0.7%+1.2 pp difference
+3 sessionsnot reached yet———
+5 sessionsnot reached yet———
Gap at the open, % · ₹
▼ −0.2%−0.61 on 29 Sept
Day's range, % · ₹
2.3%≈ 7.4 high to low
Volume on the day
1.49×the 20-session average
Futures OI on the day
▼ −1.6%−1,200 lots · short covering · price +0.8%
Futures OI open, lots
72,00029 Sept · 29 Sept expiry
Futures premium, ₹
−0.70−0.2% to spot
Puts per call, by OI
0.28from 0.32 the session before
Max pain
330from 330 the session before

Source NSE UDiFF bhavcopy · NTPC on the desk →

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