Sudarshan Sukhani of s2analytics.com is of the view that one can buy NHPC with a target of Rs 28.
Sukhani told CNBC-TV18, “It has been a dream. It has moved up from Rs 19 to Rs 26 giving almost 40 percent return and at Rs 26 it is not yet giving message of being overbought. The sense is that it can go to Rs 28 or even higher. So, at current levels it is at new highs for this uptrend. It is still a buying opportunity.”
At 12:42 hrs NHPC was quoting at Rs 27.45, up Rs 0.35, or 1.29%. It has touched a 52-week high of Rs 27.60. It has touched an intraday high of Rs 27.60 and an intraday low of Rs 26.80. It was trading with volumes of 1,408,830 shares, compared to its five day average of 1,560,205 shares, a decrease of -9.70%.
The share touched its 52-week high Rs 27.20 and 52-week low Rs 14.65 on 29 January, 2013 and 07 September, 2012, respectively. Currently, it is trading 0.92% below its 52-week high and 87.37% above its 52-week low.
The share touched its 52-week high Rs 27.20 and 52-week low Rs 14.65 on 29 January, 2013 and 07 September, 2012, respectively. Currently, it is trading 0.92% below its 52-week high and 87.37% above its 52-week low.
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