NTPC Green Energy Shares Crash 6%; Shareholder Lock-in-Period Concludes

Shares of NTPC Green Energy Ltd fell by 6% to ₹99.18 in the early morning trade on February 24. Continuing its second consecutive losing streak, the three-month shareholder lock-in period has come to an end.

As per Nuvama Alternative & Quantitative Research, close to 18.33 crore shares, representing nearly 2% stake, can be traded. However, conclusion of the lock-in-period does not necessarily mean that all these shares will hit the market.

NTPC still holds a majority stake (89%) in NTPC Green Energy following their stock market debut on November 27, 2024.

During Q3, the company reported a 52.3% jump in the net profit, wherein profit after tax (PAT) came at ₹89.4 crore from ₹58.7 crore in the same period a year ago. Revenue increased by 4.1% YoY to ₹460.9 crore, against ₹442.6 crore in Q3 FY24.

At 9:20 am, NTPC Green Energy Ltd was trading at ₹101, down 4.2% from the previous day’s closing on NSE. The energy major’s share price has tumbled 17% on a year-to-date basis.