NTPC Green Energy, the renewable energy arm of NTPC, made a strong recovery after a muted debut on the stock exchanges. The shares surged up to 13.65% to hit the upper circuit of Rs 122.75 on the BSE within 30 minutes of listing.
Similarly, on the NSE, the stock climbed 13.56% to Rs 122.65, marking a significant gain from its issue price of Rs 108. Earlier in the day, the shares had a modest start, listing at Rs 111.60 on the BSE and Rs 111.50 on the NSE, reflecting premiums of 3.33% and 3.24%, respectively.
Analyst Views on NTPC Green Energy
VLA Ambala, co-founder of Stock Market Today, recommends that investors who received allotments hold their positions for at least two years, given the company’s robust fundamentals and the promising outlook of India’s green energy sector.
He also advised non-allotted investors to consider purchasing in the secondary market, emphasizing a long-term investment perspective. According to Ambala, investors with a 3-to-6-year horizon could see the stock price rise to between Rs 250 and Rs 600.
Also ReadNTPC Green Energy IPO Share Price Live Updates: Lists at 3.2% premium on NSE
Prashanth Tapse, Senior VP of Research at Mehta Equities, attributed the flat listing to valuations and a subdued market sentiment. However, he highlighted NTPC Green Energy as a strong investment opportunity for long-term investors due to its leadership position in India’s renewable energy sector.
Growth Potential and Strategic Outlook
Tapse further pointed to NTPC Green Energy’s strategic focus on emerging areas such as green hydrogen, chemicals, and battery storage, which position the company as a key player in India’s energy transition. These initiatives, coupled with the support and resources of parent company NTPC Ltd., bolster the company’s long-term growth prospects.
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