NLC India Slides for Sixth Straight Session as Government Expands OFS Size

Shares of

remained under pressure, extending losses for the sixth consecutive trading session. The stock was down nearly 3.4% by 12 PM amid investor caution surrounding the ongoing Offer for Sale (OFS). The Government of India has exercised the oversubscription option for an additional 1.38 crore shares (1% stake), taking the total OFS size to 3% from the initial 2% stake offer. The expanded supply and near-term dilution concerns have weighed on sentiment, keeping the stock in a negative trend despite the company’s long-term strategic importance in India’s energy sector. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.