Buy NHPC, target price Rs 49: Elara Capital

Buy NHPC, target price Rs 49: Elara Capital
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Synopsis

NHPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 35408.75 Crore) operating in Power sector.

AP
Promoters held 70.95 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.61 per cent, DIIs 14.56 per cent.
Elara Capital has buy call on NHPC with a target price of Rs 49. The current market price of . is Rs 35.3.
Time period given by analyst is one year when Ltd. price can reach defined target.

NHPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 35408.75 Crore) operating in Power sector.

NHPC Ltd. key Products/Revenue Segments include Power, Lease & Other Income, Income from Finance Leases, Other Operating Revenue, Income from Project Development and Contract Revenue for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2990.86 Crore, up 47.58 % from last quarter Total Income of Rs 2026.62 Crore and up 15.62 % from last year same quarter Total Income of Rs 2586.91 Crore. Company reported net profit after tax of Rs 1052.86 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 70.95 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.61 per cent, DIIs 14.56 per cent.
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