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NTPC spurts after robust Q4 outcome

Capital Market 

NTPC surged 5.46% to Rs 136.25 at 09:51 IST on BSE after net profit rose 48.7% to Rs 4350.32 crore on 8.1% fall in net sales to Rs 21222.39 crore in Q4 March 2019 over Q4 March 2018.

The result was announced on Saturday, 25 May 2019.

Meanwhile, the S&P BSE Sensex was up 182.18 points, or 0.46% to 39,616.90

On the BSE, 3.44 lakh shares were traded in the counter so far compared with average daily volumes of 2.71 lakh shares in the past two weeks. The stock had hit a high of Rs 136.60 and a low of Rs 130.55 so far during the day.

NTPC's board of directors recommended final dividend of Rs 2.50 per equity share for the financial year ended 31 March 2019 (FY 2019). The final dividend is in addition to the interim dividend of Rs 3.58 per equity share for FY 2019 paid in February 2019.

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: Mon, May 27 2019. 10:07 IST