NTPC gains 4% as bids line up for minority stake sale in Green Energy arm

Shares NTPC hit a 52-week high of Rs 166.35, up 4 per cent on the BSE in Friday’s intra-day trade, after ArcelorMittal, Brookfield and Canada Pension Plan Investment Board emerged among over dozen entities that evinced interest to buy stake in the green energy arm — NTPC Green Energy (NGEL).

The stock surpassed its previous high of Rs 166.30 that it had touched on April 19, 2022. At 09:42 am, it traded 2 per cent higher at Rs 163.55, as compared to an unchanged S&P BSE Sensex at 58,768 points. In the past six months, NTPC has outperformed the market by gaining 25 per cent, as against 6 per cent rise in the benchmark index. The stock has surged 41 per cent in a year, as compared to 1.4 per cent rise in the S&P BSE Sensex.