NTPC drops on weak Q3 results

NTPC dropped 1.09% to Rs 168.40 at 9:19 IST on BSE after the company reported 4.4% fall in net profit to Rs 2360.81 crore on 7.1% rise in net sales to Rs 20774.37 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 31 January 2018.

Meanwhile, the S&P BSE Sensex was up 130.09 points, or 0.36% to 36,095.11.

On the BSE, 25,353 shares were traded in the counter so far, compared with average daily volumes of 12.04 lakh shares in the past one quarter. The stock had hit a high of Rs 169.15 and a low of Rs 167.75 so far during the day. The stock had hit a 52-week high of Rs 187.95 on 27 October 2017. The stock had hit a 52-week low of Rs 153.30 on 29 May 2017.

The stock had underperformed the market over the past one month till 31 January 2018, falling 3.92% compared with 5.6% gains in the Sensex. The scrip had also underperformed the market in past one quarter, declining 5.68% as against Sensex's 8.29% rise. The scrip had also underperformed the market in past one year, dropping 1.45% as against Sensex's 30.04% rise.

The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

NTPC said that the board of directors decided to pay interim dividend of Rs 2.73 per share for the financial year ending 31 March 2018 (FY 2018).

NTPC is India's largest energy conglomerate with presence in the entire value chain of the power generation business.

The Government of India (GoI) held 62.28% stake in NTPC as per the shareholding pattern as on 31 December 2017.

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