After a rise of over four per cent in the opening trade today, shares of state-run power firm NTPC settled with just one per cent gain on the Bombay Stock Exchange as investors indulged in profit booking.
The stock ended the day at Rs 216.05, up 1.01 per cent from its previous close on the BSE. Earlier, during day trade, the scrip climbed 4.25 per cent to touch a high of Rs 223.
A similar trend was seen on the National Stock Exchange, where the stock settled at Rs 215.80, up 1.03 per cent. During the trade, shares of the power producer touched an intra-day high of Rs 221.70, up 3.79 per cent.
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Marketmen said that the stock pared its morning gains due to investors booking profit at higher levels.
On the volume front, over 78.28 lakh shares changed the hands on the two bourses.
The government approved divestment in two state-run power utilities - NTPC and Satluj Jal Vidyut Nigam - as part of a conscious policy to unlock value and make the public part owners of the national assets yesterday.
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The economic panel of Cabinet gave its approval for five per cent stake sale in NTPC Ltd, after which the government’s holding in the power producer would come down to 84.5 per cent from the current 89.5 per cent.