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NTPC Green Energy Stock Reclaims IPO Price Amid Rally
16 Apr
Summary
- NTPC Green Energy stock has risen 4.5% to regain its IPO level.
- The stock has gained 15% over the last four trading sessions.
- Analysts predict strong growth for India's renewable energy sector.
NTPC Green Energy shares have surged by 4.5% in intraday trading, reclaiming their IPO level of ₹108. This marks the fourth consecutive session of gains, with the stock rising approximately 15% over this period. From its 52-week low on March 2, 2026, the stock has recovered about 33%.
Analysts recommend NTPC Green Energy for long-term investors, highlighting the growth potential in India's power sector. They note that electricity consumption is expected to grow around 6% annually over the next decade, with renewable energy sources leading capacity additions. The government's target of 500 GW non-fossil fuel capacity by 2030 supports this outlook.
Technically, the stock has broken above a descending trendline and its 200-day moving average, indicating improving momentum. Analysts suggest accumulation on dips towards ₹105-₹103, with a near-term target of ₹117. Despite a 74% decline in net profit in Q3 FY26 due to increased expenses, the company's total income rose by 18% year-on-year.
