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NTPC gains after Q3 earnings

Capital Market 

NTPC rose 1.12% to Rs 140.35 at 10:57 IST on BSE after net profit rose 1% to Rs 2385.41 crore on 16.1% increase in net sales to Rs 24,120.36 crore in Q3 December 2018 over Q3 December 2017.

The result was announced after trading hours yesterday, 30 January 2019.

Meanwhile, the S&P BSE Sensex was up 342.88 points, or 0.96% to 35,934.13.

On the BSE, 72,000 shares were traded in the counter so far compared with average daily volumes of 1.62 lakh shares in the past two weeks. The stock had hit a high of Rs 141.90 and a low of Rs 139.50 so far during the day. The stock hit a 52-week high of Rs 179.85 on 18 April 2018. The stock hit a 52-week low of Rs 134.50 on 11 December 2018.

The board of NTPC recommended issuing 1 bonus share for every 5 existing equity shares, subject to approval of the shareholders.

NTPC is India's largest energy conglomerate with presence in the entire value chain of the power generation business.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 31 2019. 10:56 IST