NTPC Green Energy share price rose to 15-week highs on Thursday, propelled by better-than-expected earnings results for the quarter ended March 2025. The stock hit Rs 117.64, after registering an intraday gain of 11.15% before scaling down to Rs 113.03 at the time of writing. NTPC Green share price has gained 4.7% in the last month, but is still down by 11.5% year-to-date. However, its recent returns are better than the benchmark Nifty 50 Index which has gained 1.4% in the last month and lost 2.1% in the last five sessions.
The company’s consolidated net profit grew by 255% YoY to Rs 2.33 billion ( approximately $ 28.09 million) from Rs 809.5 million. That gain was much higher on a quarter-on-quarter basis, considering that it reported Rs 656.1 million ( approximately $7.90 million) net profit in the previous quarter. The company attributed its results to strong income inflows, with its operational revenues having grown by 22%.
At its current level, NTPC Green share price trades at about 3% below its debut price of Rs 121.70 at the NSE in November 2024. It has mostly been under pressure from profit-taking investors, with its IPO price having been at Rs 108. Furthermore, it is about 22% below its all-time high price of Rs 155.35, set in December 2024.
NPTC Green Share Price Prediction
On the chart below, the momentum on NTPC Green share price calls for further upside above Rs 110.60. Control by the buyers will likely push the stock to encounter the first resistance at Rs 113.80. However, a stronger momentum will breach that barrier and potentially test Rs 116.20.
On the other hand, going below Rs110.60 will favour the sellers to take control. In that case, the first support will likely be at Rs 108.30. Breaking below that level will invalidate the upside narrative. Also, such momentum could extend the downside to test the second support at Rs 105.70.
The post NTPC Green Share Price Hits 15-Week Highs On Strong Earnings Targets Rs 110 Support appeared first in UK on InvestingCube.