NTPC Green Energy shares make muted debut on D-Street, lists at 3% premium

NTPC Green Energy listing: NTPC Green Energy shares opened at Rs 111.50 each on the NSE (National Stock Exchange), marking a 3.24% increase from the issue price of Rs 108.

Shares of NTPC Green Energy made a modest debut on Dalal Street on Wednesday after experts had projected a muted debut for the wholly-owned subsidiary of NTPC Limited.

NTPC Green Energy shares opened at Rs 111.50 each on the NSE (National Stock Exchange), marking a 3.24% increase from the issue price of Rs 108. On the BSE, the stock opened at Rs 111.60 per share, reflecting a 3.33% rise above the issue price.

Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd said that as expected NTPC Green Energy listing was in line with flat debut.

"Valuations and subdued market mood justifies the listing. For long term investors, we believe NTPC Green Energy Ltd is a great opportunity to invest in a leading player of India’s renewable energy sector, backed by the formidable resources and expertise of NTPC Ltd as a Long term strategy only. With ambitious renewable energy targets, the company is well-equipped to capitalize on the increasing demand for sustainable energy solutions. NTPC Green's strategic expansion into green hydrogen, green chemicals and battery storage further enhances its growth prospects, positioning it at the forefront of India’s energy transition," he added.