The stock was down 2% to Rs 145 on the National Stock Exchange (NSE) at 0950 hrs.
The large-cap power utility firm started the trades at Rs 147 and slipped to a low of Rs 144. A total of 529,000 shares changed hands on BSE and NSE.
The stock has been one of the top picks in the ICICIdirect.com's report on power sector.
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