NTPC falls ahead of govt stake sale on Thursday

India's largest power producer, NTPC fell on Wednesday government decided to sell 9.5%in the company through open offer for sale (OFS) on Thursday. The divestment has the potential to become the fiscal's largest, raising about Rs 120 billion. OFS price will be declared in the evening today. Shares ofthe companyare trading at Rs 153.30, down Rs 2.3, or 1.48% at the Bombay Stock Exchange (BSE) on Wednesday at 10:45 a.m.The scrip has touched an intra-day high of Rs 155 and low of Rs 152.50. The total volume of shares traded at the BSE is 163,419.In the earlier session, the shares climbed 0.16%, or Rs 0.25, at Rs 155.60. Currently, the stock is trading down 19.44% from its 52-week high of Rs 190.30 and above 10.33% over the 52-week low of Rs 138.95.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 155.90 (0.30) (0.19) 1 Month 157.45 (1.85) (1.17) 3 Months 169.65 (14.05) (8.28) 6 Months 171.85 (16.25) (9.46) 1 Year 175.50 (19.90) (11.34) Note: Based on previous day closing price.