Green Energy Stock: A major Green Energy Company bagged a huge order of 500 MW solar project project in an auction. The shares of this company surged to Rs 150. Now the shares are currently trading at Rs 143.70 with a fall of 3.30%. 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 Order Details
NTPC Green Energy Limited was awarded a 500 MW solar project order from Solar Energy corporation of India Ltd (SECI). SECI is planning to expand its solar PV projects. Earlier NTPC Green Energy Limited planned for a Rs 30,000 crore transmission network for its upcoming green hydrogen project in Andhra Pradesh.
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 2024 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.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided in Trademint.in is for educational purposes only and we do not recommend buying or selling any stocks. This information provided is only for reference purpose so we are not responsible in case investors incur any loss based on the information. We provide timely updates about the stock market and financial products to help you make better investment choices. Always conduct your own research before making any investment decision or consult a financial advisor.
