NTPC Green Energy Share Prices: Shares of NTPC Green Energy, the renewable energy arm of India’s power giant NTPC, hit the upper circuit limit on its listing day, surging 10% to ₹122.65 on the NSE. This was following a muted listing at ₹111.50 per share, a premium of 3.24% over its IPO price of ₹108 per share.
IPO Performance and Market Outlook:
- IPO Details:
- NTPC Green Energy made its debut on the exchanges with a 3.24% premium over its ₹108 IPO price.
- The stock hit a high of ₹122.65 on the NSE, reflecting a 13.56% gain from the IPO price.
- BSE Listing:
- On the BSE, the shares opened at ₹111.60, marking a premium of 3.33% over the IPO price.
Investor Sentiment:
Investors are betting on India’s clean energy growth and the government’s push towards renewable energy. The company’s strong entry into green hydrogen, green chemicals, and battery storage segments further boosted its long-term growth prospects.
- Prashanth Tapse, Senior VP at Mehta Equities, called the company a “great long-term investment” due to its positioning in India’s renewable energy sector, backed by the resources and expertise of NTPC Ltd. He advised holding the stock for long-term gains despite short-term volatility in the markets.
Strategic Use of Funds:
NTPC Green plans to utilize the IPO proceeds for debt repayment of its subsidiary NTPC Renewable Energy, with NTPC Ltd. retaining its majority stake. The company’s expansion into key areas such as green hydrogen and battery storage enhances its growth prospects.
Conclusion:
NTPC Green Energy’s strong debut performance reflects increasing investor confidence in India’s renewable energy sector, and the company’s strategic initiatives position it for long-term growth as part of India’s energy transition. Investors are advised to consider holding the stock for the long term, with potential for continued upside driven by the country’s clean energy ambitions.
Disclaimer: This information is for educational purposes only and should not be considered as investment advice. Always consult a certified financial expert before making any investment
