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

Beyond the headline reinsurance stocks, two less-discussed names dominated Nepal's turnover charts on April 1, 2026. Ngadi Group Power (NGPL) generated Rs 432.32M in turnover with 939,704 shares at Rs 458.20, while Shivam Cements (SHIVM) saw Rs 428.36M traded at Rs 669 with 637,073 shares. Both declined on the day but attracted significant capital flows — making them worth understanding for active traders.

April 1, 2026 Trading Data

Stock	Company	LTP (Rs)	Change	Turnover	Volume
NGPL	Ngadi Group Power Ltd	458.20	-2.90%	Rs 432.32M	939,704
SHIVM	Shivam Cements Ltd	669.00	-2.34%	Rs 428.36M	637,073

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.

NGPL and SHIVM's presence in the April 1, 2026 top-5 turnover list despite the market selloff confirms that active institutional repositioning was underway across multiple sectors. NGPL represents Nepal's Hydropower sector's mid-cap institutional favorites, while SHIVM's cement business ties it to Nepal's construction boom. Both stocks' high turnover with declining prices signal distribution — investors should monitor for price stabilisation before considering entry.