NHPC can move to Rs 22: SP Tulsian

SP Tulsian, sptulsian.com is of the opinion that NHPC can move to Rs 22.

Tulsian told CNBC-TV18, "NHPC is not a very exciting stock but if you want to take a technical view or a short-term view one can expect a price of Rs 22. I don’t think beyond that it is justified because considering the performance of the company nothing significant capacity addition happening and once you have this margin call which is not so scary because fortunately this is a PSU, so whatever margin call pressure has come that has come in respect to may be two-three group of individual investors. So may be that has got over by now, so a price of Rs 22 can be expected but not beyond that.”
At 10:29 hrs NHPC was quoting at Rs 21.10, up Rs 0.35, or 1.69%. It has touched an intraday high of Rs 21.20 and an intraday low of Rs 20.65.
The share touched its 52-week high Rs 29.40 and 52-week low Rs 14.65 on 20 February, 2013 and 07 September, 2012, respectively. Currently, it is trading 28.23% below its 52-week high and 44.03% above its 52-week low. Market capitalisation stands at Rs 25,954.57 crore.
he company's trailing 12-month (TTM) EPS was at Rs 2.01 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 10.50. 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 0.99. The dividend yield of the company was 3.32%.