NTPC recovers on bargain hunting

Meanwhile, the BSE Sensex was up 186.05 points or 0.95% at 19,849.69.

On BSE, 74,000 shares were traded in the counter as against average daily volume of 2.22 lakh shares in the past one quarter.

The stock hit a high of Rs 154.60 and a low of Rs 153.05 so far during the day. The stock had hit a 52-week high of Rs 190.30 on 17 February 2012. The stock had hit a 52-week low of Rs 138.95 on 16 May 2012.

The stock had underperformed the market over the past one month till 11 January 2013, sliding 1.2% compared with the Sensex's 1.43% rise. The scrip had also underperformed the market in past one quarter, declining 9.17% as against Sensex's 4.57% surge.

The large-cap state-run power generation major has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

Shares of NTPC had declined 3.87% in five trading sessions to settle at Rs 152.45 on Friday, 11 January 2013, from a recent high of Rs 158.60 on 4 January 2013.

The Cabinet Committee on Economic Affairs (CCEA) on 22 November 2012 approved disinvestment of Government of India's (GoI) 9.5% equity in NTPC out of its holding of 84.5% through an Offer for Sale (OFS) of shares through the stock exchanges. After this disinvestment, GoI's shareholding in NTPC would come down to 75%.

NTPC's net profit rose 29.6% to Rs 3142.35 crore on 4.8% growth in net sales to Rs 16119.67 crore in Q2 September 2012 over Q2 September 2011. The company unveils Q3 December 2012 results on 21 January 2013.

NTPC is a Maharatna Central Public Sector Enterprise. NTPC is primarily engaged in business of power generation through coal based and gas based sources. NTPC has a significant presence in the entire value chain of power generation business.

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