NTPC rises more than 2% as co to consider share buyback

Mumbai: Shares of state-run NTPC NSE 3.49 % advanced more than 2 per cent in an otherwise weak market on Tuesday, as investors cheered the power major’s plan to consider a share buyback.

At 9:38 am, NTPC was up 2.15 per cent at Rs 87.75 while benchmark Sensex was trading 0.25 per cent lower at 40,044.40 points.

After market hours on Monday, NTPC said its board will meet on November 2 to consider a proposal to buy back the company’s equity shares.