NTPC up on follow-on offer plan

DALAL STREET SPIKES

The share of the country's largest power generating company NTPC was up 6.95 per cent to Rs 185.35 on reports the government planned to divest 4.75 per cent stake through a follow-on public offer.

The scrip opened at Rs 173 and touched to all-time high of Rs 187.90 with strong volume of 24.73 lakh shares compared with an average 8.19 lakh shares in the last two week. The scrip has risen 10.36 per cent in last week.