India’s two leading renewable energy sector companies – NTPC Green Energy and Waaree Energies are drawing significant attention for their market moves and growth potential. While both companies are making waves with their stock performance, let’s take a look at how they stack up when it comes to their order books, valuations, and other prospects.
NTPC Green Energy
Share performance
The shares of NTPC Green were trading on a positive note on Wednesday (December 11), with the share price seeing over 5 per cent surge during intraday trading. This rise comes after the company secured a 500 MW solar power project from the Solar Energy Corporation of India (SECI).
NTPC Green Energy, which made its stock market debut on November 27, has been performing steadily. The company raised Rs 10,000 crore through the fresh issuance of 92.59 crore equity shares. The IPO price band was kept between Rs 102–108 per share, and it was oversubscribed by 2.42 times.
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On listing day, the stock opened at Rs 111.60, marking a 3.33 per cent premium over the issue price.
NTPC Green Energy’s stock is currently priced at Rs 154.30, with a market capitalisation of Rs 1.26 Lakh Crore. The company has a P/E ratio of 400.98. Over the past 52 weeks, the stock has reached a high of Rs 155.35 and a low of Rs 111.50.
Also Read: https://www.financialexpress.com/market/ipo-news-sai-life-sciences-ipo-why-are-there-no-takers-whats-the-big-worry-3689346/
Order Book and Projects in the Pipeline
NTPC Green Energy’s order book continues to grow with significant contracts. The company secured the 500 MW solar project at a tariff of Rs 3.52 per kWh and is also projected to set up a 250 MW/1000 MWh Energy Storage System (ESS).
With SECI’s Letter of Award (LOA) still awaited, the market remains optimistic about the company’s growth trajectory.
Waaree Energies
Share performance
Waaree Energies shares also showed strong performance during the intraday trading hours, with the stock trading in the green.
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