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NTPC's shares have risen 12% in the past three months, driven by its capacity expansion and green energy strategies. As of December 2025, NTPC has an installed capacity of nearly 86 GW, with 33 GW under construction, including 6.5 GW of new thermal capacity.

Its subsidiary NTPC Green Energy (NGEL) has commissioned 2.6 GW in FY26 and aims for 5 GW this year, with future targets of 8 GW in FY27 and FY28. The company is also increasing investments in energy storage, finalizing a 5 GWh battery storage project, and has commissioned the third unit of the Tehri pumped-storage project. Analysts have set a target price of ₹420 for NTPC shares.