Wed Nov 27 09:21:40 UTC 2024: ## NTPC Green Energy Makes Positive Market Debut
**Mumbai, India** – Shares of NTPC Green Energy Ltd. enjoyed a strong market debut on Wednesday, opening at ₹111.60 on the BSE, a 3.33% premium over its IPO price of ₹108. The stock surged further throughout the session, reaching its upper price band of ₹122.75, representing a 10% increase from its listing price. Approximately 2.21 crore shares traded, generating a turnover of ₹261.50 crore and giving the company a market capitalization of ₹1,00,189.06 crore.
The initial public offering (IPO), which ran from November 19th to 22nd, was subscribed 2.42 times. While analysts noted the listing was in line with expectations given current market conditions and valuations, they expressed optimism for the long-term prospects of the company.
Prashanth Tapse, Senior VP (Research) at Mehta Equities, described NTPC Green as a “great opportunity” for long-term investors, highlighting its position in India’s growing renewable energy sector and its backing by NTPC Ltd. He emphasized the company’s strategic expansion into green hydrogen, green chemicals, and battery storage. Tapse advised allotted investors to hold the stock long-term despite short-term market volatility and suggested non-allotted investors consider accumulating shares at or below the IPO price.
Shivani Nyati, Head of Wealth at Swastika Investmart, echoed the positive long-term outlook, acknowledging concerns about short-term profitability fluctuations but emphasizing the company’s strong growth trajectory and robust portfolio. She recommended holding the stock with a stop-loss at around ₹110.
NTPC Green Energy, a wholly-owned subsidiary of NTPC, currently operates 3,071 MW of solar and 100 MW of wind power capacity across six Indian states.
First Piper 