NTPC Green Energy Limited (NSE: NTPCGREEN), which is the renewable energy arm of India’s NTPC Limited, made a promising trading debut, as a result of the growing demand for clean energy investments. However, after hitting its peak after its listing, it is experiencing some volatility.
Here are the details of its performance, technical outlook as well as its investment potential.
As of November 29th, 2024, NTPC Green Energy’s stock is trading at ₹125.20, down 2.00% for the day as of writing before close. The stock has traded between the day’s range of ₹123.22 to ₹132.13, close to its all time high of ₹132.30 reached after its listing.
The company floated its shares for the first time on November 27th and the stock flew as high as 14 percent over its offer price of Rs 108 during its listing and the company is valued at Rs 1.02 trillion ($12.08 billion). Investors have since settled down, profit-booking was partly to blame for sliding from these peaks.