NTPC drops on lower advance tax payment

Meanwhile, the BSE Sensex was down 262.11 points, or 1.69% to 15,229.24.

On BSE, 25,000 shares were traded in the counter as against average daily volume of 1.67 lakh shares over past one quarter.

The stock hit a high of Rs 161.95 and a low of Rs 158.70 so far during the day. The stock had hit a 52-week low of Rs 152 on 23 November 2011. The stock had hit a 52-week high of Rs 203.15 on 7 January 2011.

The large-cap stock had outperformed the market over the past one month till 16 December 2011, falling 4.84% compared with the Sensex's fall of 7.66%. The scrip had also outperformed the market in past one quarter, declining 6.37% as against 8.52% decline in the Sensex.

 

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

The stock has lost 3.94% in two trading sessions from Rs 166.40 on Thursday, 15 December 2011, as the company's advance tax payment reportedly fell 17% to Rs 830 crore in Q3 December 2011 over Q3 December 2010.

National Thermal Power Corporation's (NTPC) net profit rose 15% to Rs 2424.12 crore on 18.4% growth in net sales to Rs 15377.54 crore in Q2 September 2011 over Q2 September 2010.

State-run NTPC has set a target to have an installed power generating capacity of 1,28,000 MW by the year 2032. The capacity will have a diversified fuel mix comprising 56% coal, 16% gas, 11% nuclear and 17% renewable energy sources (RES) including hydro. By 2,032, non fossil fuel-based generation capacity shall make up nearly 28% of NTPC's portfolio.

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