NTPC Green Energy Ltd. NTPC Green Energy Ltd. The shares hit upper circuit on January 14. The company’s shares closed at Rs 120.98 on the National Stock Exchange (NSE) with a gain of 9.99 percent. Earlier, the stock was at the level of its IPO price in the January 13 session.
But it closed at Rs 108. The company’s stock had fallen by more than 12 percent in the last three sessions.
With the gain on January 14, the market capital of NTPC Green Energy crossed Rs 1 lakh crore. In the last 7 trading sessions, shares of NTPC Green Energy Limited have seen an increase only twice. Last year, the company had launched an IPO of Rs 10,000 crore and it was one of the biggest IPOs of 2024. Also, the subscription figures of the issue were also better.
Brokerage firm Ambit Capital has advised to sell the shares of NTPC Green and has kept the target price for it at Rs 70. This means that there is a possibility of a 41% decline from the current level. Shares of NTPC Green Energy rose by 10% to Rs 121 during trading on January 14. This is the biggest one-day gain in the stock since December 3.