NTPC reports 8% fall in Q3 net profit
NTPC has reported results for third quarter ended December 31, 2016.
The company has reported 7.50% fall in its net profit at Rs 2468.72 crore for the quarter ended December 31, 2016 as compared to Rs 2668.77 crore for the same quarter in the previous year. However, total income of the company increased by 10.84% at Rs 19646.09 crore for the quarter under review as compared Rs 17724.68 crore for the corresponding quarter previous year.
Technical Levels for NTPC
Support at 168.50 and Resistance at 178
Break and sustain below 168.50 will take it to 166.50---163 and then to 157 mark else could touch its resistance level of 178.
Fresh buying can be initiated above 178
More will update soon!!
