NTPC slumps 4%

The company has informed BSE that In accordance with the approval accorded by Cabinet Committee on Economic Affairs on May 13, 2015, Government of India (GOI) has offered 2,06,13,661 Equity Shares of Rs. 10/- each to the eligible employees of NTPC Ltd. at discounted price of Rs. 115.90/- per shar

NTPC Ltd stock was lower by 4% at Rs.146. The company has informed BSE that In accordance with the approval accorded by Cabinet Committee on Economic Affairs on May 13, 2015, Government of India (GOI) has offered 2,06,13,661 Equity Shares of Rs. 10/- each to the eligible employees of NTPC Ltd. at discounted price of Rs. 115.90/- per share i.e. 5% discount to the cut off price of Rs. 122.00/- discovered through the Offer For Sale of equity shares of NTPC carried out by GOI on February 23, 2016 & February 24, 2016.

The scrip opened at Rs. 147.1 and has touched a high and low of Rs. 148.55 and Rs. 146.4 respectively. So far 51116(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 125537.13 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 154.9 on 15-Jun-2016 and a 52 week low of Rs. 107.2 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 154.7 and Rs. 150.15 respectively.

The promoters holding in the company stood at 69.96 % while Institutions and Non-Institutions held 27.76 % and 2.29 % respectively.

The stock is currently trading above its 50 DMA