NHPC scales 52-week high after announcing Q1 results

NHPC gained 3.84% to Rs 27.05 at 14:15 IST on BSE after the company reported 7.47% rise in net profit to Rs 857.82 crore on 6.41% rise in total income to Rs 2360.06 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours on Friday, 12 August 2016. The stock market was closed yesterday, 15 August 2016, for a holiday.

Meanwhile, the S&P BSE Sensex was down 164.74 points or 0.59% at 27,987.66.

On BSE, so far 7.87 lakh shares were traded in the counter as against average daily volume of 7.62 lakh shares in the past one quarter. The stock hit a high of Rs 27.30 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 26.20 so far during the day. The stock had 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 12 August 2016, rising 1.96% compared with 1.24% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 21.73% as against the Sensex's 9.16% rise.

The large-cap company has 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.

Government of India (GoI) currently holds 74.6% stake in NHPC (as per the shareholding pattern as on 30 June 2016).

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