Should I buy NTPC stock in 2025?

Why trust HelloSafe?

At HelloSafe, our expert has been carefully monitoring the performance of NTPC for more than three years. Each month, lakhs of users in India rely on us to interpret market trends and highlight the best investment opportunities. Our analyses are intended solely for informational purposes and do not constitute investment advice. In line with our ethical charter, we have never received, and will never receive, any payment or compensation from NTPC.

What is NTPC?

How much is NTPC stock?

The price of NTPC stock is rising this week. Currently, NTPC trades at ₹355.50 per share, reflecting a 24-hour increase of 2.12% and a weekly gain of 5.67%.

NTPC’s stock beta is 0.76, signalling relative stability compared to the broader market. Investors may find NTPC’s performance compelling amidst its steady growth and lower volatility.

Our full analysis on NTPC stock

In reviewing NTPC’s latest quarterly results, alongside a thorough analysis of its stock trajectory over the past three years, our research integrates proprietary models utilizing a comprehensive array of financial metrics, technical indicators, market intelligence, and competitive benchmarks. Amid robust operational improvements and sector outperformance, NTPC’s evolving profile within India’s energy and infrastructure landscape appears increasingly compelling. So, why might NTPC stock once again become a strategic entry point into India’s power and renewable energy sector in 2025?

Recent Performance and Market Context

NTPC Limited—India’s largest power utility by capacity—has demonstrated significant shareholder value creation since 2021, with its share price rallying from near ₹100 to all-time highs above ₹380 in early 2024. The stock has outpaced the Nifty 50 and sector indices, supported by persistent earnings momentum, expanding renewable presence, and robust government backing.

• Record FY24 profits: Net profit of ₹21,332 crore (+25% YoY).
• Strong Q4 FY24 performance: Standalone net profit surged 33% YoY, with revenue growth above analyst consensus.
• Policy tailwinds: Ongoing government initiatives towards clean energy and electrification, underpinned by India’s ambitious renewable adoption targets.
• Falling input costs: Coal availability has stabilized and global fuel inflation has eased, supporting margin expansion across NTPC’s portfolio.

With India’s power demand reaching historic peaks and a substantial capex cycle underway in both green and thermal assets, NTPC remains at the epicenter of energy transition and growth—a clear positive backdrop for the stock.

Technical Analysis

NTPC’s technical positioning continues to reinforce the bullish narrative:

• Momentum indicators: Daily and weekly RSI readings have rebounded from oversold (38–42) to neutral-bullish (53–58), suggesting exhaustion of the recent correction and fresh buying interest.
• MACD dynamics: The MACD histogram has crossed above the signal line on the daily chart, highlighting potential for renewed upward movement.
• Moving averages: Shares trade above medium- and long-term SMAs (50-day SMA at ₹375, 200-day SMA at ₹315), with the 200-SMA acting as a strong support zone.
• Support levels: Key support sits at ₹350, with intermediate demand at ₹365. Any retracement towards these levels seems to be attracting institutional accumulation.
• Bullish candlesticks: Recent sessions have flashed bullish engulfing and hammer patterns on weekly charts, often preceding upward reversals.

Short- and medium-term technical structure suggests that NTPC is emerging from a period of healthy consolidation, with the stage set for further upside—especially should broader market sentiment remain constructive.

Fundamental Analysis

Financial Performance & Growth

• Revenue and profitability: FY24 revenue climbed to ₹1,77,162 crore (+12% YoY), backed by both regulated and merchant sales. EBITDA margins improved by 140 bps, and ROE now stands near 15%, marking a multi-year high.
• Balance sheet strength: The company continues to maintain prudent leverage (Net Debt/EBITDA
• Dividend track record: NTPC remains a reliable dividend payer, with a robust payout ratio (~40%) and a trailing dividend yield close to 2.4%—an attractive proposition in the infrastructure segment.

Valuation

• P/E Ratio: At ~15× FY25 consensus earnings, NTPC trades at a discernible discount to global utility peers and India’s broader market (Nifty 50 P/E: 20×).
• PEG Ratio: With a three-year forward EPS CAGR projected at 14–16%, the PEG ratio remains below 1, hinting at deep-seated growth at a reasonable price.
• Price/Sales: Below 2.1× sales, which compares favorably to its own historical range and the sector average.

Structural Strengths

• Dominant market share: Holding more than 24% of India’s total power generation, NTPC enjoys unparalleled operating scale and cost efficiency.
• Brand and execution: Decades of reliable power supply and execution of mega projects reinforce NTPC’s reputation as the backbone of India’s electricity grid.
• Diverse, innovative portfolio: Leadership in thermal, but now rapidly increasing investments in renewables (solar, wind, hydro, green hydrogen) and battery storage.
• Strategic expansion: Current pipeline includes over 19 GW in renewables (targeting 60 GW by 2032), positioning NTPC as a linchpin of India’s decarbonization agenda.

These strengths collectively point to resilient earnings, broad-based growth levers, and an attractive valuation proposition—each a supportive factor for renewed buying consideration.

Volume and Liquidity

A critical aspect underlining NTPC’s appeal is its consistent and deep liquidity:

• High daily turnover: Average trading volume surpasses 14 million shares daily (six-month average), signifying sustained institutional and retail participation.
• Float and market depth: With a free float exceeding ₹1 lakh crore, NTPC is among the most actively traded PSU stocks, ensuring tight bid-ask spreads and minimal slippage for large trades.
• Constituent of major indices: Its inclusion in Nifty 50, MSCI, and global EM indices further ensures passive flow and helps anchor valuations.

Ongoing liquidity at these levels typically reflects market confidence and facilitates easy entry and exit for both short- and long-term investors—a crucial aspect for those considering capital allocation.

Catalysts and Positive Outlook

Looking ahead, several meaningful catalysts converge to amplify NTPC’s growth narrative:

• Renewable energy ramp-up: Accelerated commissioning of solar, wind, and hydro plants, and entry into green hydrogen projects, support a transformative shift in NTPC’s portfolio mix.
• Asset monetization and partnerships: Sale of non-core assets and partnerships with global energy majors are unlocking capital and heralding cutting-edge technology adoption.
• ESG initiatives: Decarbonization commitments (such as net-zero targets by 2070), growing ESG disclosure, and inclusion in clean energy indices are attracting sustainability-conscious capital flows.
• Power demand tailwinds: Persistent growth in India’s industrial output, rising rural electrification, and expanding digital infrastructure are setting the stage for multi-year electricity demand expansion.
• Policy and regulatory support: The government’s longstanding policy thrust—priority grid access, aggressive renewable targets, and financial sector reforms—continues to underpin the industry’s secular uptrend.
• Capex super-cycle: NTPC’s planned capital expenditure of over ₹30,000 crore for FY25, primarily dedicated to renewables, is likely to translate into meaningful earnings and asset accretion from FY26 onwards.
• Potential re-rating: Achieving milestones in green energy capacity or further improvement in operational efficiencies could spur a positive revaluation of the stock.

All these factors reinforce the outlook that NTPC is ideally placed at the intersection of traditional stability and high-growth transformation.

Investment Strategies

With NTPC trading just off its all-time highs, a range of strategies seem well suited for different investment horizons:

• Short-term positioning: Technical indicators highlight scope for a rebound from current support bands (₹365–₹375). Momentum traders could consider entries on retracements, targeting the prior peak near ₹390.
• Medium-term holding: For investors seeking both growth and defensiveness, NTPC’s upcoming quarterly earnings and updates on its renewables pipeline may catalyze the next leg up. A move above ₹390 could open a pathway to ₹420, aligning with Fibonacci extension levels.
• Long-term accumulation: NTPC’s transformation into India’s foremost green energy leader suggests a compelling case for systematic accumulation on dips. The stock’s steady dividend history and low PEG ratio provide cushion, while its capex program and government alignment present enduring visibility.
• Position sizing: Due to its robust liquidity, investors can scale positions without concerns of illiquidity or price impact, making NTPC accessible for portfolios of all sizes.

Importantly, the technical, fundamental, and structural context indicates that current levels may mark an attractive inflection point, especially with major catalysts on the horizon.

Is it the Right Time to Buy NTPC?

NTPC’s story is characterized by a confluence of accelerating revenue and earnings growth, cutting-edge sector leadership, deep-rooted competitive moats, and an unwavering commitment to innovation and sustainability. Supported by favorable technical structure, compelling valuation metrics, and powerful macro tailwinds, the macro-to-micro narrative appears skewed toward further upside.

With its strategically diversified portfolio and aggressive push into green energy, NTPC stands uniquely positioned to benefit from India’s exponential electricity demand and the global energy transition. The potential for positive re-rating, consistently high liquidity, and visible catalysts all combine to suggest that NTPC stock seems to represent an excellent opportunity for investors seeking both growth and stability in their portfolios.

As NTPC continues to drive India’s energy ambitions forward, its stock appears primed for a new phase of value creation—offering a rare blend of defensiveness, dividend consistency, and transformative upside in the evolving infrastructure landscape. Investors with a medium- to long-term focus may deem this an opportune moment to seriously consider NTPC as a core holding within the power and renewables segment.

How to buy NTPC stock in India?

Purchasing NTPC stock online is now both simple and secure for Indian investors, thanks to regulated brokers and digital platforms. You can choose between two main methods: buying actual NTPC shares for direct ownership (spot buying), or speculating on price movements using Contracts for Difference (CFDs), which involve leverage. Each approach suits different investment styles, risk levels, and objectives. To help you find the solution best suited to your needs, a detailed broker comparison is available further down this page.

Spot buying

A cash (spot) purchase of NTPC stock means you buy shares outright and become a shareholder, with all associated rights such as receiving dividends. Fees for spot buying typically include a small flat brokerage commission per order—usually in the range of ₹20-₹30 per trade with most mainstream Indian brokers.

Key Example

Example:
Suppose the NTPC stock price is ₹350 per share. With a ₹80,000 investment (approximately $1,000), you could purchase around 227 shares, after accounting for a brokerage fee of ₹25.
✔️ Gain scenario:
If NTPC’s share price rises by 10%, your shares are now valued at around ₹88,000.
Result: That’s a gross gain of ₹8,000, or +10% on your investment (excluding other statutory charges).

Trading via CFD

CFD trading allows you to speculate on NTPC's stock price without owning the underlying shares. CFDs (Contracts for Difference) offer the flexibility to profit from both rising and falling markets, and they are typically traded with leverage—amplifying both gains and potential losses. The main costs here are the spread (the small difference between buy/sell prices) and overnight financing charges if you hold positions overnight.

Key Example

Example:
Let's say you use ₹80,000 as margin and trade NTPC CFDs with 5x leverage, giving you a market exposure of ₹400,000.
✔️ Gain scenario:
If NTPC’s stock price rises by 8%, your position gains 8% × 5 = 40%.
Result: A gross profit of ₹32,000 on your ₹80,000 stake (excluding spread and overnight fees).

Final advice

Before investing, always compare the fees, features, and conditions of different Indian brokers—costs can make a significant difference to your returns over time. Whether you prefer direct ownership with spot buying or the flexibility of CFDs depends on your personal goals, risk appetite, and investment strategy. You can find further information and a broker comparison table further down the page to support your decision.

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Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

Is EightCap reliable?

Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.

Why choose EightCap?

EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.

What are the fees at EightCap?

At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.

Who is EightCap for?

Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.

Is it easy to withdraw money from EightCap?

Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

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Is Avatrade reliable?

AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.

Why choose Avatrade?

AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.

What are the fees at Avatrade?

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Who is Avatrade for?

AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.

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What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

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Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Is Vantage reliable?

Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Our 7 tips for buying NTPC stock

The latest news about NTPC

NTPC's share price reached a fresh all-time high amid strong power demand and quarterly results. On 3 June 2024, NTPC shares climbed to a record high of ₹381.65 on the NSE, marking a robust upward trajectory attributed to sustained demand for electricity across India and recently announced Q4 FY24 results that exceeded market expectations. The company reported a consolidated net profit of ₹6,490 crore for Q4, beating analyst estimates, and demonstrating growth driven by both operational efficiency and expanded generation capacity.

NTPC has significantly advanced its renewable energy portfolio with major solar and green hydrogen projects. Over the past week, NTPC announced substantial progress on large-scale renewable initiatives, including commissioning new solar power projects in Gujarat and Rajasthan, and moving forward on a landmark green hydrogen mobility project in Ladakh. These strategic developments align with India's energy transition goals and position NTPC as a leading clean energy provider, enhancing long-term growth prospects and improving sustainability credentials.

Government of India reiterated policy support for NTPC’s transition to non-fossil fuel energy. In recent statements, the Ministry of Power emphasized its commitment to facilitating NTPC’s expansion in solar and wind energy through policy measures and faster project clearances. This support reinforces investor confidence by providing regulatory clarity and ensures that NTPC benefits directly from favorable government interventions as India accelerates its decarbonization roadmap.

Brokerage firms have upgraded NTPC’s target price citing improved visibility of earnings and project pipeline. Notably, leading Indian brokerages such as ICICI Securities and Motilal Oswal have revised their target prices for NTPC upwards, citing the company’s healthy order book, strong financial performance, and clear execution of its clean energy pipeline. These upgrades have contributed to positive sentiment in the stock, with analysts highlighting NTPC’s ability to maintain robust returns even as capital expenditure accelerates in new sectors.

Institutional investors have increased their stake in NTPC, signaling robust market confidence. Recent disclosures show heightened activity from domestic mutual funds and foreign institutional investors, who have incrementally raised their holdings in NTPC following the company’s strong quarterly performance and positive guidance. This increased institutional participation is seen as a vote of confidence in management’s strategy and the company’s resilience in India’s evolving energy landscape.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.