NTPC recovers from CERC shocker; scrip rebounds nearly 3%

Posted By: Religare
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Shares of state-owned NTPC rose over 3 per cent in early trade on Bombay Stock Exchange (BSE) after losing more than 11 percent on Tuesday after the Central Electricity Regulatory Commission (CERC) released draft regulations for power generation companies.

The norm is likely to lower a tariff charge which is estimated to hit earnings of company by almost 10 per cent.

Rebounding from yesterday low, shares of company gained as much as 2.87 per cent to trade at Rs 139.90 a piece on the BSE.

In a similar fashion, shares of the company climbed 2.46 per cent to Rs 139.40 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 21,136.33, down 118.93 points or 0.56 per cent at 9:55 hours.

Read more about: ntpc
Story first published: Wednesday, December 11, 2013, 12:56 [IST]
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