NTPC tumbles on buzz of scraping bond sale

Meanwhile, the S&P BSE Sensex was down 543.87 points, or 2.83%, to 18,701.83.

On BSE, 1.84 lakh shares were traded in the counter as against an average daily volume of 5.17 lakh shares in the past one quarter.

The stock hit a high of Rs 143.60 and a low of Rs 139 so far during the day. The stock had hit a 52-week high of Rs 175.35 on 12 September 2012. The stock had hit a 52-week low of Rs 136.10 on 21 March 2013.

The stock had underperformed the market over the past one month till 19 June 2013, sliding 9.29% compared with the Sensex's 5.13% fall. The scrip had also underperformed the market in past one quarter, rising 0.45% as against Sensex's 1.25% rise.

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

NTPC was reportedly planning to raise up to Rs 1000 crore through an issue of dual tranche bonds on Thursday, 20 June 2013.

NTPC's net profit jumped 68.94% to Rs 4381.61 crore on 6.03% growth in total income from operations to Rs 17349.09 crore in Q4 March 2013 over Q4 March 2012.

NTPC, India's largest power company, has presence in the entire value chain of power generation business. The Government of India (GoI) holds 75% stake in NTPC (as per the shareholding pattern as on 31 March 2013).

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