The stock had surged over 20 per cent on Thursday (March 12), supported by a rise in power demand, which lifted investor sentiment around energy and renewable power companies. Despite Monday’s decline, analysts continue to maintain a positive outlook, citing strong growth prospects in India’s renewable energy sector.
Project pipeline and capacity expansion
Providing an update on future plans, the company’s management told ET Now that its Battery Storage System (BSS) project is expected to begin operations in FY27. Revenue realisation from the project is likely to take 15 to 18 months from the time of operationalisation, the management added.
Looking ahead, the company has outlined an ambitious expansion pipeline of around 30 GW, which it aims to achieve by 2029, reflecting its aggressive push to scale up renewable energy generation.
Analysts see continued momentum
Market experts believe the stock could remain in focus amid the government’s strong push toward clean energy. According to analysts, momentum in NTPC Green Energy has been strong, with the stock gaining sharply in recent sessions.
Going forward, the renewable energy sector could continue to remain in focus. Considering the government’s strong push toward renewable energy, this stock could see good momentum in the coming days, an analyst said.
From a trading perspective, the stock has again shown strength and is trading near higher levels. Analysts suggest that a breakout above Rs 104 could push the stock toward Rs 108.
NTPC Green Share Price
On the BSE, shares of NTPC Green Energy slipped over 3 per cent or Rs 3.5 to Rs 94.46, tracking the weakness seen in the broader market. However price were hovering close to the intraday low level.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
