NHPC drops ex-dividend

NHPC lost 2.12% to Rs 16.15 at 9:22 IST on BSE as the stock turned ex-dividend today, 30 August 2013, for a final dividend of 60 paise per share for the year ended 31 March 2013.

Meanwhile, the S&P BSE Sensex was down 55.71 points or 0.3% at 18,345.33.

On BSE, 10,000 shares were traded in the counter as against average daily volume of 7.37 lakh shares in the past one quarter

The stock hit a high of Rs 16.25 and a low of Rs 16.05 so far during the day. The stock had hit a record low of Rs 14.65 on 7 September 2012. The stock had hit a 52-week high of Rs 29.40 on 20 February 2013.

The stock had outperformed the market over the past one month till 29 August 2013, sliding 5.44% compared with the Sensex's 6.08% fall. The scrip had, however, underperformed the market in past one quarter, declining 14.73% as against Sensex's 8.67% fall.

The large-cap company has equity capital of Rs 12300.74 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.63% based on the closing price of Rs 16.50 on Thursday, 29 August 2013.

NHPC's net profit rose 7.5% to Rs 719.93 crore on 14.4% growth in net sales to Rs 1600.51 crore in Q1 June 2013 over Q1 June 2012.

NHPC is a state-run hydro-power utility. The Government of India (GoI) holds 86.36% stake in NHPC (as per the shareholding pattern as on 30 June 2013).

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