Shares of NTPC Green Energy Limited declined 2.73% to ₹95.47 during trading on 16 March 2026, following a strong rally in the previous week. The stock slipped ₹2.68 from the previous close of ₹98.15, as investors booked profits after the recent surge.
Stock Movement During the Session
The share price initially opened higher at ₹100.00, reaching an intraday high of ₹101.20. However, selling pressure later pushed the stock down to a low of ₹95.05, reflecting a correction after the earlier gains.
Reason Behind the Recent Rally
The stock had recently rallied sharply after the company announced the commissioning of a 270 MW capacity at the Khavda-I Solar PV project in Gujarat. The new capacity became commercially operational from 11 March 2026, boosting investor sentiment.
Following this update, the company’s commercial renewable energy capacity increased to 9,292.68 MW, while the total installed renewable capacity reached 9,562.68 MW.
Profit Booking After Sharp Gains
In the days leading up to the decline, the stock had gained significantly, rising about 17% over five trading sessions after the solar project update. Analysts note that such corrections often occur when investors book profits after a sharp rally.
Outlook for the Company
Despite the short-term price drop, the commissioning of new solar capacity strengthens the company’s renewable portfolio. As the renewable energy arm of NTPC Limited, the firm continues to expand its solar and wind projects to support India’s clean energy transition.
