NHPC share price gained for the third straight session on Friday, rising over 10 percent after positive brokerage report on the state-owned hydropower firm.
The shares of NHPC rose nearly 3 percent to an intraday high of Rs 82.16. This is the third straight day of the stock trading in green. On Thursday, the scrip settled 6.94 percent higher. Over 2.57 crore shares changed hands today of the stock, according to NSE data generated a total volume of 209.35 crore.
The sharp up move was seen after CLSA upgraded the stock to a high-conviction 'outperform' rating from 'outperform' suggesting positive levers for growth.
CLSA upgrades NHPC to 'high conviction outperform'; shares jump 4%
NHPC will commission hydro projects with a total capacity of 2,170 megawatt (MW) by the end of FY26., the public sector undertaking’s (PSU) chairman and managing director Raj Kumar Chaudhary told Moneycontrol in an exclusive interview.
Besides, the much delayed 2,000 MW Subansiri hydropower project in Arunachal Pradesh will also be commissioned in FY26, he said.
Meanwhile, NHPC also clarified on decision to buy co-promoter stake in PTC India. In an exchange filing, it said "it is to inform that the proposal either to buy or not to buy the co-promoters stake in PTC India Limited is in very initial stage of study and any material
development in the matter will be informed to Stock Exchanges in due course."
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