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NTPC gains 2% on plans to sell stake in newly formed renewable energy arm

The stock so far has been an underperformer for the month and quarter when compared with the BSE benchmark.

The state government holds a 26.85 per cent stake in SJVN, which owns and operates 2 GW of hydro power projects
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SI Reporter Mumbai
Shares of NTPC were trading with steady gains of near 2 per cent on Wednesday in an otherwise rangebound market after the company announced its plan to hive-off stake in its newly formed formed renewable energy arm.

The stock touched a high of Rs 125.95, and was quoted at Rs 125.20 - up 1.7 per cent as of 12:45 am on the BSE. The counter had seen trades of around 2.76 lakh shares on the BSE. Meanwhile, the BSE Sensex was up 0.3 per cent.

The state-owned power company said it will reduce its stake in its newly

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