NTPC Ltd.

NTPC delivered 15% YoY earnings growth in FY26, maintains a 33-year dividend track record (₹9 per share paid), and is executing on renewable capacity targets (91,302 MW operational), with low volume on the 20% drawdown suggesting weak selling conviction rather than institutional exit.

The stock has underperformed NIFTY by 15 percentage points over six months despite positive news flow, sits only 2.5% above its 52-week low with weak conviction (56% of average volume), and RSI at 40.6 leaves room for further weakness without a reversal signal.