Green Energy Stock: A major Green Energy Company reported strong Q3 results. The shares of this company Currently trading at Rs 107.54 with 0.54% decline. Actually we are talking about NTPC Green Energy Limited Shares. Mutual Fund Investors have increased their stake in the Green Energy Stock. Brokerage firms have shown confidence in the and given new price targets. Check more details.
NTPC Green Energy Q3 Results
In Q3FY25, NTPC Green Energy net profit rose by 52.3% year-over-year (YoY) to Rs 89.4 crore from Rs 58.7 crore in the same quarter previous year.
Revenue increased from Rs 442.6 crore to Rs 460.9 crore, a YoY growth of 4.1%, indicating consistent operational growth. EBITDA, on the other hand, experienced a minor decline, falling 2.3% YoY to Rs 384.6 crore from Rs 393.6 crore in Q3 FY24.
Mutual Fund Increased Stake
NTPC Green Energy Limited listed on stock exchanges on November 27. MFs have bought 4,000 crore worth shares in the newly listed Green Energy Stock.
Also Read: NTPC Green Energy Limited Share Price Target From Tomorrow to 2050
Brokerage Firm’s View on NTPC Green Energy Shares
JM financial senior vice-president Akshay Bhagawat said that the market will rebound in the near term. According to the Analyst, NTPC Green Energy Limited shares have a strong support at Rs 130. The brokerage firm has given an upside target of Rs 165-170 in the near term.
Future Outlook
The company has an aim of achieving 60 GW Capacity by FY32. The company also focused on Energy storage systems which can be a game changer because they guarantee a steady supply of electricity and lessen the problems. The investors are becoming more confident in NTPC Green Energy’s share.
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