NTPC Green Energy shares zoom 10% to hit record high; here’s what analysts say
Shares of newly-listed NTPC Green Energy Ltd rose sharply to scale their all-time high levels in Tuesday’s trade. Last checked, the stock was locked at its upper circuit level of Rs 142.10. At this price, it has gained 31.57 per cent compared to an issue price of Rs 108.
Around 69.36 lakh shares were seen changing hands on BSE today. The figure was lower than the two-week average volume of 1.62 crore shares. Turnover on the counter came at Rs 96.30 crore, commanding a market capitalisation (m-cap) of Rs 1,19,738.14 crore. There were 12,30,290 buy orders against sell orders of nil shares.
On the technical front, support for NTPC Green’s stock could be seen in the Rs 133-137 range. And, near-term upside is capped in the Rs 150-160 zone….
