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

Shares of $NLCINDIA 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.