Ngadi Power and Shivam Cement Lead Surprising Turnover Charts — April 1, 2026

April 1, 2026 Trading Data

NGPL — Ngadi Group Power: Hydropower Sector Mid-Cap

Ngadi Group Power Ltd (NGPL) is a hydropower company that generates electricity from the Ngadi River in Nepal. On April 1, 2026, the stock fell 2.90% to Rs 458.20 with an exceptionally high 939,704 shares traded for Rs 432.32M in turnover — the 3rd highest of the entire market.

NGPL at Rs 458.20 is priced higher than most small-cap hydro stocks, making its Rs 432M turnover significant. The declining price on heavy volume suggests institutional holders are using the broad market selloff as cover to exit positions.

SHIVM — Shivam Cements: Nepal's Construction Play

Shivam Cements Ltd (SHIVM) is Nepal's major cement manufacturer, directly tied to the country's construction and infrastructure activity. On April 1, 2026, SHIVM fell 2.34% to Rs 669 with 637,073 shares traded for Rs 428.36M — the 4th highest turnover in the market.

Cement stocks like SHIVM are typically considered more defensive than financials or hydropower — yet today's 2.34% decline on heavy selling shows no stock is immune during broad policy-fear selloffs. SHIVM at Rs 669 is approaching the Rs 650-660 support zone.

What High Turnover in a Down Market Means

When stocks appear in the top-5 turnover list on a down day, two scenarios are possible:

1. Institutional distribution: Large holders exit using market liquidity — bearish for price short-term
2. Bottom-fishing buying: Value investors accumulate as prices fall — bullish signal if price holds

For NGPL and SHIVM on April 1, the declining price alongside high turnover suggests Scenario 1 (distribution) rather than bottom-fishing accumulation.