NTPC Green Energy shares have been under pressure this year, shedding nearly 16% in 2025. The stock, which is part of India’s largest renewable energy public sector enterprise (excluding hydro), was trading at ₹107.35 in the afternoon session today, slightly lower than the previous close of ₹108.30 on the BSE. The company’s market capitalization currently stands at ₹90,456 crore.
Despite the slump, analysts see a potential for short-term recovery. Ventura Securities remains optimistic, assigning a target price of ₹150 with a stop loss at ₹86. According to their analysis, the stock began its decline from ₹155 in December 2024, reaching a low of ₹84.60 in March 2025. A consistent downtrend persisted until the stock found some momentum, rallying to ₹105 on renewed buying interest. It later saw profit booking and formed a higher bottom at ₹87 in April.
“The formation of higher bottoms at ₹84 and ₹87, coupled with the stock now trading above all key averages, suggests a positive short-term outlook. Technical indicators like KST, MACD, and ADX support the view of an emerging uptrend. Investors may consider accumulating the stock at key support levels of ₹104–100, ₹98, and ₹95–92 in case of a pullback,” Ventura stated.
Ravi Singh, Senior VP – Retail Research at Religare Broking, believes the stock could reach ₹120–₹134, provided it sustains above the ₹105 level for a few sessions.
Om Mehra, Technical Research Analyst at SAMCO Securities, echoes a similar sentiment. “A solid support zone has developed around ₹90. A breakout above the ₹102–₹103 range could potentially fuel a rally towards ₹120–₹125 in the near term,” he noted.
On the fundamentals side, NTPC Green Energy posted a 52.3% jump in Q3 net profit, reporting ₹89.4 crore versus ₹58.7 crore in the same quarter last year. Revenue grew modestly by 4.1%, rising to ₹460.9 crore from ₹442.6 crore in Q3 FY24.
However, EBITDA slipped by 2.3% to ₹384.6 crore, down from ₹393.6 crore year-on-year. EBITDA margins also declined, falling to 83.5% from 88.9% in the previous year.
Still, NTPC Green Energy holds a commanding position in the renewable energy sector, leading in operational capacity and power generation for FY2024.
