The company’s renewable energy division, NTPC Green Energy, recovered well from a lackluster stock exchange debut. Within 30 minutes after listing, the shares were up 13.65% and had reached the upper circuit of Rs 122.75 on the BSE.
Likewise, the shares went up 13.56% to Rs 122.65 on the NSE, which was a substantial increase from its issue price of Rs 108. The shares had a modest start to the day, listing at Rs 111.60 on the BSE and Rs 111.50 on the NSE, both of which represented a premium of 3.33% and 3.24%.
Given the company’s strong fundamentals and the bright future of India’s green energy sector, investors who were allotted remain in their positions for a minimum of two years.
ascribed the flat listing to low market sentiment and valuations. However, because of its dominant position in India’s renewable energy market, he emphasized NTPC Green Energy as a solid investment option for long-term investors.
By strategically concentrating on cutting-edge fields including green hydrogen, chemicals, and battery storage, NTPC Green Energy is positioned to play a significant role in India’s energy transition. The firm’s long-term growth prospects are strengthened by these measures as well as the resources and support of parent company NTPC Ltd.
