NTPC Green Energy fell today by around 6.77%, This company was listed on the stock exchange on November 27 2024 and today it marked below 100 Rs. Currently, it is trading at Rs 98.5. The sharp fall in shares happened because three months of the lock-in period of this stock ended today. 2% of the company’s outstanding equity around 18.33 crore shares become eligible to trade in the market. However, the lock-in period ending is not the reason for the sharp fall; it simply means shareholders can trade those shares.
Financial of the company:
In December 2024 company results were not as good as expected. The company topline represents nearly 4.1 % year-on-year growth. Its EBITDA earnings before Interest Tax Depreciation and Amortization fell by 2.3% and companies profit under pressure. It represent the operational challenges.
Since IPO debut company is down trend.
The company was listed on the stock exchange on 27th November 2024 at a price of 155, but it already corrected 35% from its IPO debut Currently company is struggling to go down but the share market is volatile. As per the investor company should improve its financial performance and company growth and it is also saying that if the company focuses on the business performance it can grow.
About the company
NTPC Green Energy is a subsidiary of NTPC company in terms of green energy NTPC is the largest public sector enterprise in India. More than six state wind and solar power projects are spreading. As of September 2024 company’s current operational capacity includes 100 MW of wind power and 3220 MW of solar power. 91% of sales comes from solar energy, 4.5% of sales come from wind energy, and 1.5% of sales come from projects and consultancy.
News of the company.
On Feb 24 NTPC Green Energy (NGEL) collaborated with Madhya Pradesh power generating company to develop up to 20 GW project in renewable energy in the state of MP.
Conclusion:
As we know there is a future of green energy if you select the best company along with strong financial performance so it will be a good choice, however, NTPC Green Energy’s financial is not as strong as we expected but for the long-term we should focus and this is only for educational purpose not for recommendation so kindly consult with your financial advisor and then buy or sell it is just news.