NTPC gains after declaring Q1 result

NTPC rose 0.97% to Rs 156.15 at 09:27 IST on BSE after the company declared its Q1 result on Saturday, 27 July 2018.

Meanwhile, the S&P BSE Sensex was up 39.09 points, or 0.1% to 37,375.94

On the BSE, 64,000 shares were traded in the counter so far, compared with average daily volumes of 3.22 lakh shares in the past two weeks. The stock had hit a high of Rs 157.25 and a low of Rs 151.55 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 149.45 on 28 June 2018.

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

NTPC reported 1.15% fall in net profit to Rs 2588.14 crore on 11% rise in total income to Rs 23000.09 crore in Q1 June 2018 over Q1 June 2017.

The company's board of directors considered and approved the issue of secured/ unsecured, redeemable, taxable/ tax-free, cumulative/ non-cumulative, non-convertible debentures ('Bonds/NCDs') upto Rs 12000 crore during the period commencing from the date of passing of Special Resolution in the ensuing Annual General Meeting till completion of one year thereof or the date of next Annual General Meeting in the financial year 2019-20 whichever is earlier.

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 61.71% stake in NTPC as per the shareholding pattern as on 30 June 2018.

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