Date: November 27, 2024
10:00 AM IST
NTPC Green Energy Ltd, the renewable energy arm of NTPC, marked its stock market debut today. The shares began trading on Indian exchanges after a highly anticipated IPO that ran from November 19 to November 22, 2024. Despite a lukewarm debut, the stock has shown resilience, rising over 6% post-listing.
Prashanth Tapse, Sr. VP Research and Analyst at Mehta Equities, commented:
"The listing was as expected, reflecting flat debut sentiment due to market conditions. However, NTPC Green Energy Ltd represents a significant long-term investment opportunity in India's renewable energy sector. We advise investors to hold the stock for long-term growth despite short-term market volatility."
For Non-Allotted Investors:
Mehta Equities suggests accumulating shares if the price remains near or below the issue price.
The IPO’s successful subscription and the subsequent stock performance underscore growing investor interest in sustainable energy investments. NTPC Green Energy's entry into the market is a significant milestone for both the company and the renewable energy sector in India.
Stay tuned for further updates on NTPC Green Energy's market journey!
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