Analysts as Anand Rathi witnessed a breakout from the consolidation in shares of NHPC and the price action resembles a bullish inverse Head & Shoulder pattern.
NHPC rose from Rs 88.15 as of February 29 to Rs 89.70 recorded on March 28, 2024, which translates into an upside of 1.7%. However, on a weekly basis, it has risen over 6%. The stock rallied nearly 40% in the last three months.
Multibagger stock: Kotak Institutional Equities said that the prevailing market price more than captures the intended growth plans without discounting associated delays.
RVNL, Zomato, GLT Infra, Dish TV, Power Grid, Punjab National Bank and IREDA saw rise in volumes. HDFC Bank, IRFC, Indus Towers, Reliance Industries, RVNL and IndusInd Bank were a few stocks leading the turnover chart on NSE.