NTPC Inexperienced Vitality edge decrease regardless of MoU with Japan’s ENEOS for inexperienced hydrogen provide

Shares of NTPC Inexperienced Vitality Ltd (NGEL) edged marginally decrease by 1% to their day’s low of Rs 98.75 per share on the NSE on Monday after the corporate signed a Memorandum of Understanding (MoU) with Japan’s ENEOS Company to discover the provision of inexperienced methanol and hydrogen spinoff merchandise. The collaboration marks a key step in India’s efforts to place itself as a world hub for clear vitality manufacturing and exports.

The collaboration marks a key step in India’s push to develop into a world hub for clear vitality manufacturing and exports.

The MoU was exchanged on the World Expo 2025 in Osaka, Japan, and is a part of NGEL’s broader technique to increase its renewable vitality footprint. The settlement focuses on NGEL’s Inexperienced Hydrogen Hub at Pudimadaka, Andhra Pradesh, a 1,200-acre built-in facility being developed for inexperienced chemical manufacturing and export.

By aligning ENEOS’s demand for hydrogen derivatives with NGEL’s renewable vitality and hydrogen tasks, the partnership goals to advance decarbonisation efforts and help world net-zero objectives.

Increase to NTPC’s clear vitality ambitions

NGEL stated the partnership helps its objective of attaining a 60-gigawatt renewable vitality portfolio by 2032, reinforcing its position in India’s clear vitality transition. The collaboration with ENEOS additionally strengthens India’s place within the world hydrogen worth chain, the place cross-border partnerships have gotten more and more crucial to scaling inexperienced gasoline adoption.

Inventory efficiency and technical setup

On Friday, NGEL’s inventory closed 1.5% increased at Rs 99.59 on the BSE. The inventory is down 22% to date in 2025 however has gained 2% over the previous week.

From a technical standpoint, the inventory is buying and selling under six of its eight key easy shifting averages (SMA), together with the 20-, 30-, 50-, 100-, 150-, and 200-day SMAs, whereas remaining above its 5-day and 10-day SMAs.

The Relative Power Index (RSI) stands at 44, indicating the inventory is neither overbought nor oversold. The Shifting Common Convergence Divergence (MACD) is at -1.4, staying under each the middle and sign traces, signaling a seamless bearish development regardless of the latest uptick.

Additionally learn | TCS, Tata Motors tumble as much as 42% from peak, with over Rs 4 lakh crore wiped off Tata shares in 2025 amid boardroom turmoil

(Disclaimer: Suggestions, recommendations, views and opinions given by the consultants are their very own. These don’t symbolize the views of The Financial Occasions)