NLCINDIA

$***** | Vijay Kumar Gupta | SEBI Registered Research Analyst (INH000020226) 📌 My View: After a period of sideways consolidation, NLC India is showing renewed strength on the back of green energy expansion and institutional confidence. Technical breakout aligning with fundamental triggers. 🔍 Key Fundamental Developments: ✅ ₹7,000 Cr Green Energy Push: Cabinet clears exemption allowing NLC to invest in its subsidiary NLC India Renewables Ltd (NIRL) without prior approval – a strategic leap toward 10.11 GW renewable capacity by 2030. ✅ NIRL IPO Incoming: ₹4,000 Cr IPO planned in next FY Q2 to fund expansion – will unlock value and strengthen balance sheet. ✅ Leadership Move: Rajesh P. S. Sisodia (from BHEL) recommended as Director (Planning & Projects) – indicates focus on project execution. ✅ Q4 FY25 Result: ₹656.2 Cr net profit – strong YoY growth; FY25 performance signals revival momentum. ✅ Diversification Strategy: Thermal + Lignite core remains, but RE & IPO push signals structural evolution. 📈 Technical Analysis (Daily Chart): 🔹 Price Action: – Price rebounded sharply after two red sessions, closing at ₹244.04 (+1.19%) – Breakout seen above Ichimoku cloud; recent close above all major moving averages – Volume spike with follow-through = accumulation zone breakout 🔹 Indicators: – CCI at 210 = highly overbought; watch for cooling – TTM Squeeze histogram flips green with rising momentum – Chaikin Money Flow (CMF) barely positive – buying interest reviving 🔹 Levels to Watch: – Resistance: ₹248.60 / ₹258.00 – Support: ₹235.70 (cloud base) / ₹228.00 (gap-fill area) – Medium-Term Target: ₹260+ if volume sustains 🧠 Analyst Insight: Momentum is backed by strong narrative: RE ambition, financial visibility via IPO, and strategic PSU backing. Tactical entry near ₹236–239 (on dip) could offer favourable risk-reward. Long-term investors can track IPO timelines for re-rating opportunities.