NTPC Green Share Price | Big signal on NTPC Green stock, experts gave SELL rating, what is the reason – NSE: NTPCGREEN
NTPC Green Share Price | The IPO of PSU NTPC Green Energy Limited Company was in news. NTPC Green Energy IPO stock gave strong returns on the day it was listed on the stock exchange. However, stock market experts have predicted that the shares of NTPC Green Energy will fall by about 40 percent.
NTPC Green Energy stock below Rs 100
Shares of NTPC Green Energy Company were trading strongly on Tuesday. On Tuesday, the second trading session of the week, shares of NTPC Green Energy closed at Rs 120.98 with a gain of 10 percent. A day earlier on Monday, NTPC Green stock had fallen sharply to a 52-week low of Rs 109.41. This was close to the low IPO issue price. The stock has fallen 14.94% in the last one month. However, experts have predicted that NTPC Green Energy stock will fall below Rs 100. On Thursday (January 16, 2025), the stock was trading at Rs 121, up 1.17%.
SELL rating for NTPC Green stock
NTPC Green Energy Limited Company share has been given a negative signal by Ebit broking firm. Ambit Broking firm has given a target price of Rs 70 for the shares of NTPC Green Energy Company. Ambit Broking firm has issued SELL rating for NTPC Green Energy shares. Experts say this means the stock could fall 40 percent from current levels.
Update from NTPC Renewable Energy
NTPC Green Energy Limited, a subsidiary of NTPC Renewable Energy Limited, 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 reaches 76,708.18 MW.
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