NTPC Green Energy shares experienced a significant surge, reaching the upper circuit limit of 10 percent, after a lackluster debut on the exchanges on November 27.

The stock price on the NSE rose to Rs 122.65 per share, reflecting a 13.56 percent increase from its IPO price of Rs 108. This positive response from investors can be attributed to the growth of India's clean energy sector and government initiatives promoting renewable energy.

The shares were initially listed at Rs 111.50 on the NSE, representing a 3.24 percent premium over the IPO price, while on the BSE, the stock opened at Rs 111.60, marking a 3.33 percent premium. The strong performance of NTPC Green Energy indicates a growing investor confidence in the renewable energy division of NTPC, aligning with the broader push for sustainable energy solutions in India.