NTPC Green Energy Share: Among the famous IPOs of last year, it is important to mention NTPC Green Energy. This IPO disappointed investors on the very day of listing. But experts estimate that this stock may fall by more than 40 percent.
10 percent rise on Tuesday
Meanwhile, on Tuesday, January 14, a stormy surge was once again seen in the shares. On the second trading day of the week, the stock closed at Rs 121 with a rise of 10 percent. Let us tell you that a day earlier i.e. on Monday, there had been a sharp fall in the stock and the price had reached a 52-week low of Rs 109.40. This price was close to the IPO issue price of ₹108. The stock fell 12% in the last three trading sessions. However, experts predict that the stock will go below Rs 100.
What do experts say
NTPC Green has no analyst coverage except Ambit. Ambit has given a target price of Rs 70 for the share. It also placed a ‘Sell’ rating on the stock, indicating a 40 per cent downside from current levels.
When did the IPO come?
In the year 2024, a big IPO of NTPC Green Energy worth Rs 10,000 crore came. It closed with a gain of 13 percent from its issue price of Rs 108. Let us tell you that NTPC Green Energy is a ‘Maharatna’ Central Public Sector Enterprise. It operates in sectors such as renewable energy, including solar and wind power assets.
Major updates on NTPC renewable energy
According to NTPC, its subsidiary NTPC Renewable Energy has started commercial supply of 110 MW power from two separate solar projects. With this, the total installed and commercial capacity of NTPC Group now stands at 76,708.18 MW. Let us tell you that NTPC Renewable Energy is a subsidiary of NTPC Green Energy Limited, which is a subsidiary of NTPC Limited.
