The share price of NTPC fell by 4.74 per cent to open at 142.80. With Union Budget 2019 being announced, the price of NTPC shares fell by 7 points. The stock closed at 136.65.
The BSE group ‘A’ stock of face value Rs 10 has touched a 52-week high of Rs 146.17 on 3 July 2019 and a 52-week low of Rs 106.75 on 13 February 2019.
Follow all latest updates from Union Budget 2019 here.
The NTPC stock has fallen over 6% in the last one year compared with the 12% rise in the benchmark Nifty 50 index. The promoter holding in the company stood at 56.09%, while Institutions and Non-Institutions held 40.53% and 3.38%, respectively.
NTPC is the largest power utility company in India and has presence in coal, gas, solar pv, hydro and wind power generation and coal mining.
NTPC has recently signed a memorandum of understanding (MoU) with Power Grid Corporation of India to set up the National Electricity Distribution Company (NEDCL). NEDCL will be a joint venture (JV) of the two on 50:50 equity basis. The main aim of this JV is to undertake business for distribution of electricity in distribution circles of India and related activities.
Comments
0 comment