NTPC Green Energy’s Share Price has been slashed by 6%. This is a subsidiary company of state-owned NTPC. The stocks are currently facing significant challenges in the stock market. How will the shares perform in today’s market, Let’s check company financials, recent news, target price, and analyst recommendations.
NTPC Green Energy Share price in Today’s Market
As of 25th February NTPC Green Energy Shares are trading at Rs 99.73 which is 1.35% up from the previous day’s close of Rs 98.40. Today the shares opened at Rs 101.01 and touched a high of Rs 103.22. It also went down to Rs 98.75 but again started rising. As of now the upper circuit limit is Rs 118.08 and the lower circuit limit is Rs 78.72.
Company Financials
The company has shown mixed financial performance in its quarterly reports. Net profit for the Q3 has increased by 52.3% which makes a 63.43% jump on PAT of Rs 89.4 Crore, compared to Rs 58.7 Cr last year. But EBITDA has declined by 2.3% at Rs 384.6 crore. Total revenue was Rs 460.9 Crore which has increased by 4.1%.
Recent news about NTPC Green Energy Share
The company has been expanding its renewable energy portfolio with solar and wind-powered assets. NTPC Green Energy has signed an MoU with Bharat Light and Power Private Limited for the advancement of green energy initiatives. The company aims to achieve a 60 GW capacity of renewable energy by 2032. a
NTPC Green Energy Share Price Target
According to market experts NTPC Green Energy’s share price can go up to Rs 180 in the short term and the highest it can go is Rs 140 to Rs 198. On the other hand in the long term, it could reach Rs 269.80 to Rs 283.20 by the year 2026 as demand for renewable energy projects is steadily increasing.
Recommendation on Buy or Sell
As per the current situation of Shares in the stock market investors are very cautious. On the other hand, the three-month lock-in period has ended which led many investors selling out shares which led to the volatile performance. According to the moneycontrol website, 100% of analysts suggest ‘SELL’ for NTPC Green Energy Shares.
