NHPC has support at Rs 19: Sukhani

NHPC has support at Rs 19, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "A lot of news has come there in NHPC. I am assuming that smart money or at least some people have taken advantage of it. At Rs 19, NHPC has support. For me as a short-term trade, NHPC would be a buy expecting Rs 19 support to hold. If it does not, get out. However, I would not go for a penny stock scenario."
At 11:31 hrs NHPC was quoting at Rs 20, up Rs 0.05, or 0.25%. It has touched an intraday high of Rs 20.05 and an intraday low of Rs 19.70.
The company's trailing 12-month (TTM) EPS was at Rs 2.01 per share. (). The stock's price-to-earnings (P/E) ratio was 9.95. The latest book value of the company is Rs 21.42 per share. At current value, the price-to-book value of the company was 0.93. The dividend yield of the company was 3.5%.