NTPC Green Share Price: Shares of newly listed public sector undertaking NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, declined 8% during intraday trade on Monday.  The green energy sector stock fell below the Rs 100 per share mark after the three-month lock-in period of newly listed shares ends today. At around 11:20 am, the NTPC green shares were trading at 97.75, down 7.39 per cent on NSE. 

At the end of the lock-in period, 18.33 crore shares or 2% of the outstanding equity of the company have become eligible for trading. However, the end of the shareholder lock-in period does not imply that all the shares will be sold in the open market, they are only eligible for trading.

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NTPC currently holds an 89% stake in NTPC Green Energy, after selling its stake during the company's IPO.

NTPC Green Energy's revenue in the December quarter rose 4.1% year-on-year, but EBITDA fell 2.3%, resulting in a narrowing of profit margins.

The company's shares have also been under pressure and have been trading below their issue price of Rs 108 a share since February 11. The company's shares have fallen six times in the past seven sessions. On Monday, the stock closed down 7.8% at Rs 97.32, 35% below its post-listing high of Rs 155.

NTPC Green Energy was floated on the NSE on November 27 at a premium of less than 3% to the stock market. The listing on the IPO market was subscribed 2.42 times, raising ₹10,000 crore. A 'Maharatna' class central public sector undertaking, NTPC Green Energy aims to expand its renewable energy portfolio, such as solar and wind power assets.

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Disclaimer: This is only a piece of news about the recent development in stock. Jagran does not advise investing, please do take expert opinion before investing.