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NTPC is a government-owned company. Brokerage firm Bernstein said that it is bullish on the PSU stock and sees up to 17 per cent upside.

NTPC Green Energy Ltd., a subsidiary of the state-owned NTPC Ltd., saw its shares rise by 5% following a 12% gain on its listing day this past Wednesday. The stock surged after the company announced the commencement of commercial operations for the first phase of its Shajapur Solar Project in Madhya Pradesh.

Shares of NTPC Green, which launched its initial public offering (IPO) for public subscription from November 19 to November 22, debuted on the stock exchange today at a 3.2% premium over IPO price. The stock debuted at Rs 111.