NHPC gains after good Q1 result

NHPC rose 1.59% to Rs 19.20 at 09:45 IST on BSE after net profit rose 24.5% to Rs 767.17 crore on 6.1% growth in total income to Rs 2353.80 crore in Q1 June 2015 over Q1 June 2014.

The result was announced after market hours yesterday, 29 July 2015.

Meanwhile, the BSE Sensex was up 182.81 points, or 0.66%, to 27,746.24

On BSE, so far 1.10 lakh shares were traded in the counter, compared with an average volume of 4.81 lakh shares in the past one quarter.

The stock hit a high of Rs 19.25 and a low of Rs 19.05 so far during the day. The stock hit a 52-week high of Rs 23.20 on 6 August 2014. The stock hit a 52-week low of Rs 17.95 on 17 December 2014.

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

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

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.

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