NHPC gains on S&P upgrade

NHPC gained 2% after S&P revised the company's corporate credit rating from BBB-/negative to BBB-/stable.

Shares of National Hydroelectric Power Corporation (NHPC) are trading nearly 2% higher at Rs 20 on the BSE after S&P on Friday revised the outlook on the company's corporate credit rating from  BBB-/negative  to BBB-/stable.

 

On Friday, the global rating agency S&P  upgraded India's credit outlook to stable from negative.

 

NHPC Limited is an Indian Hydro Power Generation company that was incorporated with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects.

 

The stock opened at Rs 19.80, touched a high of Rs 20 and a low of Rs 19.60 on the BSE. A total of 413,061 shares have been exchanged on the BSE so far.