Shares of NTPC tumbled over 4 per cent on the Bombay Stock Exchange amid spurt in volume trade after the state-run company said that it has acquired stake in two state-owned power plants in Bihar in a deal worth Rs 21 billion.
According to data available with exchange, as much as 1.22 lakh shares have changed hand over the counter as compared to two week average of 0.85 lakh shares.
Following the announcement, stocks of the company declined as much as 4.54 per cent and touched an intra-day low of Rs 152.20 apiece on the Bombay Stock Exchange.
In a similar trend, shares of the firm were trading 4.73 per cent lower at Rs 152.10 apiece on the National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 35,194.62, down 228.86 points, or 0.65 per cent at 11:35 hours.