NHPC sizzles on bourses
DSIJ Intelligence / 18 Nov 2016
NHPC is gaining ground on bourses on Friday with the stock trading at Rs 26.30 per share, up by almost 4.30 per cent or Rs 1.10 per share.
NHPC is gaining ground on bourses on Friday with the stock trading at Rs 26.30 per share, up by almost 4.30 per cent or Rs 1.10 per share.
The BSE utilities index is up by more than 1 per cent on an intraday basis with stocks like NTPC, SJVN, NBVentures, RTN Power contributing to the index gain.
The stock has reacted to very good set of results and the stock made a high of Rs 26.50 on an intraday basis when the company announced its intention to raise funds for its operations.
For quarter ended September 30, 2016 NHPC has announced its unaudited results.
The Company has posted a net profit of Rs. 15546.60 million for the quarter ended September 30, 2016 where as the same was at Rs. 12156.70 million for the quarter ended September 30, 2015. Total Income is Rs. 32812.20 million for the quarter ended September 30, 2016 where as the same was at Rs. 27037.00 million for the quarter ended September 30, 2015.
The stock has been outperforming the markets with gains recorded at 41.73 per cent for a one year period. Over a three month period the stock is down by almost 4 per cent.
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