NHPC gained 4.38% to Rs 26.20 at 15:00 IST on BSE after net profit rose 27.88% to Rs 1554.66 crore on 21.36% rise in total income to Rs 3281.22 crore in Q2 September 2016 over Q2 September 2015.
The result was announced during market hours today, 18 November 2016.Meanwhile, the BSE Sensex was down 52.87 points, or 0.2%, to 26,174.38.
High volumes were witnessed on the counter. On BSE, so far 12.39 lakh shares were traded in the counter, compared with average daily volume of 6.03 lakh shares in the past one quarter. The stock hit a high of Rs 26.45 and a low of Rs 25.15 so far during the day. The stock hit a 52-week high of Rs 28.20 on 31 August 2016. The stock hit a 52-week low of Rs 18.35 on 18 November 2015.
NHPC said that in view of seasonal nature of business, the financial results of Q2 September 2016 may not be comparable with Q2 September 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.
Government of India (GoI) currently holds 74.6% stake in NHPC (as per the shareholding pattern as on 30 September 2016).
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