NHPC fell 1.91% to Rs 17.95 at 11:25 IST on BSE after net profit fell 9.7% to Rs 707.58 crore on 3.1% decline in total income to Rs 1950.23 crore in Q2 September 2013 over Q2 September 2012.
The Q2 result was announced after market hours on Monday, 11 November 2013.
Meanwhile, the BSE Sensex was down 19.12 points, or 0.09%, to 20,471.84
On BSE, 4.78 lakh shares were traded in the counter compared with average volume of 8.99 lakh shares in the past one quarter.
The stock hit a high of Rs 18.30 and a low of Rs 17.95 so far during the day. The stock hit a 52-week high of Rs 29.40 on 20 February 2013. The stock hit a 52-week low of Rs 14.80 on 7 August 2013.
The stock had underperformed the market over the past one month till 11 November 2013, falling 3.94% compared with the Sensex's 0.18% fall. The scrip, however, outperformed the market in past one quarter, rising 18.45% as against Sensex's 9.06% rise.
The large-cap company has an equity capital of Rs 12300.74 crore. Face value per share is Rs 10.
NHPC's board of directors in their meeting held on 24 October 2013 approved buy back of 123.07 crore shares at Rs 19.25 per share from the existing shareholders on proportionate basis through the tender offer process. The company has filed the draft letter of offer with Securities Exchange Board of India (Sebi) for approval on 5 November 2013. The buy back process will commence once Sebi accords its approval for the same, the company said.
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 September 2013).
Powered by Capital Market - Live News