Stock Crash: Shares of NTPC's recently listed subsidiary NTPC Green Energy Limited are witnessing a huge decline. They fell more than 6% to Rs 99.18 in the morning trade on 24 February. This decline continued for the second consecutive session, as the three-month lock-in period of the company's shareholders ended.

According to Nuvama Alternative and Quantitative Research, 2% of the company's total equity, which is about 18.33 crore shares, will now be available for trading. The end of the lock-in does not mean that all these shares will be sold in the market, but it gives existing investors the option to sell their shares. Strong business performance This green energy unit of NTPC has reported a net profit (PAT) of ₹ 89.4 crore, an increase of 52.3% on a quarterly basis. This was Rs 58.7 crore in the same quarter last year. At the same time, the company's earnings increased by 4.1%, which increased to ₹ 460.9 crore, while last year it was Rs 442.6 crore. Weak performance in the stock market Shares of NTPC Green Energy made their debut in the stock market on November 27 with a 3% premium on NSE. The ₹ 10,000 crore IPO of this share was subscribed 2.42 times.