NTPC gains after commencing power generation at Kunta ultra mega solar project

NTPC rose 0.7% to Rs 141.80 at 09:32 IST on BSE after the company announced the commissioning of a 200 megawatts capacity of NP Kunta ultra mega solar power project stage-I at Anantapuram.

The announcement was made after market hours yesterday, 10 May 2016.

Meanwhile, the S&P BSE Sensex was down 159.94 points or 0.62% at 25,612.59

On BSE, so far 23,784 shares were traded in the counter as against average daily volume of 3.09 lakh shares in the past one quarter. The stock hit a high of Rs 141.95 and a low of Rs 139.50 so far during the day. The stock had hit a 52-week high of Rs 148.90 on 29 December 2015. The stock had hit a 52-week low of Rs 107.20 on 25 August 2015. The stock had outperformed the market over the past one month till 10 May 2016, rising 6.92% compared with 4.45% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.66% as against Sensex's 8.48% rise.

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

NTPC's net profit fell 18.9% to Rs 2492.87 crore on 7.6% decline in net sales to Rs 17317.50 crore in Q3 December 2015 over Q3 December 2014.

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

Government of India currently holds 69.96% stake in NTPC (as per shareholding pattern as on 31 March 2016).

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