stock

NTPC Green Energy Shares Falls amid unexpected Earnings

by Psu Connect
Date: 27-01-25

In the intraday session, the stock plunged 4.4 percent each to Rs 107.35 and Rs 107.40 per share, also its 52-week low -- on the BSE and NSE, respectively.

Shares of NTPC Green Energy fell nearly 4 percent on Monday after the company's December quarter counted over unusual and unexpected earnings. The shares of the company slipped 3.73 percent to Rs 108.13 apiece on the National Stock Exchange (NSE).

On the BSE, it went lower by 3.48 percent to Rs 108.25 per share. In the intraday session, the stock plunged 4.4 percent each to Rs 107.35 and Rs 107.40 per share, also its 52-week low -- on the BSE and NSE, respectively.

The shares of NTPC Green Energy Ltd (NGEL) have dropped more than 12 percent each on the bourses in the past eight trading sessions. The 30-share BSE Sensex slumped 689.31 points or 0.90 percent to trade at 75,501.15 and the broader NSE Nifty depreciated 153.70 points or 0.67 percent to 22,938.50.

On Saturday, NTPC Green Energy reported an 18 percent rise in consolidated net profit at Rs 65.61 crore for the December quarter FY25, on account of higher income, logging Rs 55.61 crore net profit in the year-ago quarter, the company said in an exchange filing. Total income rose to Rs 581.46 crore from Rs 463.46 crore. Expenses were at Rs 482.22 crore as against Rs 383.28 crore, it added.

Read Also : CMPDI Officials visited MECL drill sites