Shares of NHPC Ltd rise as much as 10 per cent, marking their biggest intraday per cent gain since January 2017. The company engaged in electricity generation posts a five-fold jump in March-quarter consolidated profit. The firm’s total revenue surges 55.5 per cent.
At 10.40 am, the stocks of NHPC were trading higher by 6.78 per cent at ₹25.20
About 13.2 million shares change hands, compared with a 30-day average of 2.8 million shares. NHPC's forward PE of 9.92 is above sector's average of -95.10. In comparison, rivals Jaiprakash Power Ventures Ltd has forward PE of -0.62 and SJVN Ltd has 7.37.
Up to Monday's close, stock down 9.2 per cent this year.