NTPC gains after announcing Q4 results

NTPC gained 3.54% to Rs 144.85 at 15:30 IST on BSE after the company announced its Q4 results.

Meanwhile, the BSE Sensex was up 72.85 points, or 0.27%, to 26,726.45.

High volumes were witnessed on the counter .On BSE, so far 6.36 lakh shares were traded in the counter, compared with an average volume of 2.23 lakh shares in the past one quarter. The stock hit a high of Rs 145.80 and a low of Rs 137.70.

NTPC's net profit fell 7.73% to Rs 2716.41 crore on 6.63% decline in total income to Rs 18560.70 crore in Q4 March 2016 over Q4 March 2015. The announcement was made at the fag end of the trading sesion today, 30 May 2016.

NTPC said that the board of directors of the company recommended final dividend of Rs 1.75 per share for the year ended 31 March 2016 (FY 2016).

NTPC, India's largest power company, has presence in the entire value chain of power generation business.

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