NTPC snaps 4-day winning streak, declines 3% on profit-taking

Shares of state-owned NTPC snapped a four-day winning run and slipped nearly 3 per cent to an intra-day low of Rs 101.60 even as the firm commissioned 5 MW solar capacity at Auraiya plant in Uttar Pradesh (UP). In the last four trading sessions, the stock has risen nearly 10 per cent.

The stock opened higher and touched the day's high of Rs 106.3 after the firm announced commissioning of 5 mega watt (MW) solar capacity at a project in Auraiya, UP on Saturday. However, as the session progressed, the shares succumbed to profit-taking and were trading at Rs 102.60,