NTPC Green Energy, an arm of NTPC, on Thursday (December 26) saw its shares drop by over 4 per cent during the early trading hours. This decline in the stock prices of the company follows the expiry of a one-month lock-in period for anchor investors, which allowed 1.83 crore shares, representing 2 per cent of the company’s equity, to become eligible for trading.
The shares of the company today opened at Rs 130. At 10:45 AM IST, the company’s stock was trading at Rs 126.88, down by 4.61 per cent .
Furthermore, it is important to note that the next lock-in expiration, involving another 2 per cent of the company’s equity, is scheduled for February 24, 2025.
NTPC Green Energy – Stock performance
After the listing of the company on Indian bourses on November 27 this year, in comparison to the longer time scale, NTPC Green Energy shares have shown positive response. In the last five days, the company’s stock declined by 3.89 per cent, with the stock trading at Rs 126.68 on NSE as of the latest update 10:50 am IST today.
Also Read: DAM Capital Advisors IPO listing tomorrow – GMP shoots up by over 50%: Here are 6 key details you need to know ahead of listing
Despite this recent drop, the company’s performance over the longer term has remained relatively positive. As of the recent data, the company’s stock surged 4.25 per cent over the past month, surging from its issue price of Rs 108.
NTPC Green energy, a renewable energy focused company, operates a capacity of 3,320 MW, including solar and wind projects across six states. Its Rs 10,000 crore IPO, entirely a fresh issue, aimed to repay subsidiary loans and fund new ventures.
Other Renewable Energy Stocks That Recently Entered the Bourses and Their Stock Performance – A comparative Snapshot
Apart from NTPC Green Energy, other renewable energy-focused companies have also recently been listed on the stock market.
Let’s take a look at the stock performance of these companies and their performance in December 2024.
Waaree Energies
Waaree Energies, which got listed in October 2024 on the Indian bourses, as of the recent trend continues to attract attention with its premium debut at Rs 2,500 (NSE) and a 69.66 per cent premium on the BSE.
» Read More
