NHPC advances after strong Q2 result

NHPC gained 3.37% to Rs 18.40 at 10:36 IST on BSE after net profit surged 72.6% to Rs 1180.87 crore on 21% rise in total income to Rs 2813.71 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 9 November 2015.

Meanwhile, the BSE Sensex was down 142.32 points, or 0.54% to 25,979.08

On BSE, so far 5.61 lakh shares were traded in the counter, compared with an average volume of 5.54 lakh shares in the past one quarter.

The stock hit a high of Rs 18.80 and low of Rs 18.10 so far during the day. The stock had hit 52-week high of Rs 22.30 on 1 December 2014. The stock hit a 52-week low of Rs 15.55 on 25 August 2015.

The stock had outperformed the market over the past one month till 9 November 2015, rising 4.09% compared with 3.54% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 5.57% as against Sensex's 7.49% decline.

The large-cap company has an equity capital of Rs 11070.67 crore. Face value per share is Rs 10.

NHPC was incorporated in the year 1975 with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects. Later on NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.

As per the shareholding pattern, the government of India holds 85.96% stake in NHPC as at 30 September 2015.

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