Shivani Nyati, Head of Wealth at Swastika Investmart, noted that the listing exceeded modest expectations, driven by a slight improvement in market sentiment. As a wholly-owned subsidiary of NTPC, Nyati believes the company benefits from a strong and diversified portfolio spanning various geographies and off-takers. While its consistent top-line growth is promising, she remains concerned about temporary fluctuations in profitability and margins.
