NTPC Green Energy's stock has been making waves, and here's a breakdown of its performance.
*Current Stock Price and Trends*
The current stock price of NTPC Green Energy's parent company, NTPC Limited, is ₹363.65, with a 0.44% increase in the past 24 hours ¹.
*Financial Performance*
NTPC Limited's revenue for 2023 was ₹1.79 trillion, a 1.30% increase from the previous year ¹. The company's earnings also saw a significant boost, with a 23.06% increase in net income.
*IPO and Listing*
NTPC Green Energy's IPO was fully subscribed, with the company raising ₹10,000 crore ¹. The listing of NTPC Green Energy is expected to unlock value for NTPC Limited's shareholders.
*Analyst Ratings and Forecast*
Analysts have given NTPC Limited a "Buy" rating, with a target price of ₹475 ². The company's focus on renewable energy and its strong financial performance are expected to drive growth.
*Technical Analysis*
The technical analysis of NTPC Limited's stock suggests a neutral to bullish trend ². The stock has broken out of its resistance level and is expected to continue its upward momentum.
Overall, NTPC Green Energy's stock analysis suggests a positive outlook, driven by the company's strong financial performance, focus on renewable energy, and favorable analyst ratings.