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What is the story about?
Shares of NTPC Green Energy Ltd. are trading with losses of around 0.31% in Friday's trading session, extending its losses for the fourth day running.
November 26 will be an important session as its six-month and beyond shareholder lock-in will end during this session.
As many as 580.6 crore shares of NTPC Green Energy will free up for trading once that six-month lock-in period ends on November 26. The number of shares that will free up for trade amount to 69% of the outstanding equity of the company.
It must be specified that the end of a lock-in period does not mean that all of those shares will be sold in the open market, but will only become eligible to be traded.
NTPC Green reported a 131.6% year-on-year rise in net profit at ₹88 crore for the September quarter. Revenue rose 21.5% to ₹612.3 crore.
The company's EBITDA surged 26% to ₹529.6 crore, while margin improved to 86.5% from 83.4% in the base quarter.
Shares of NTPC Green listed at a premium to their IPO price of ₹108 and continue to stay below that level.
The stock is currently trading 0.27% lower at ₹97.24. The stock is down 37% from its post-listing high of ₹155.
November 26 will be an important session as its six-month and beyond shareholder lock-in will end during this session.
As many as 580.6 crore shares of NTPC Green Energy will free up for trading once that six-month lock-in period ends on November 26. The number of shares that will free up for trade amount to 69% of the outstanding equity of the company.
It must be specified that the end of a lock-in period does not mean that all of those shares will be sold in the open market, but will only become eligible to be traded.
NTPC Green reported a 131.6% year-on-year rise in net profit at ₹88 crore for the September quarter. Revenue rose 21.5% to ₹612.3 crore.
The company's EBITDA surged 26% to ₹529.6 crore, while margin improved to 86.5% from 83.4% in the base quarter.
Shares of NTPC Green listed at a premium to their IPO price of ₹108 and continue to stay below that level.
The stock is currently trading 0.27% lower at ₹97.24. The stock is down 37% from its post-listing high of ₹155.
