15.80% Fall Today: Multibagger PSU Under Rs 120 Declares Rs 1.40/Share Dividend

Leading public sector undertaking NHPC Limited shares on BSE declined 15.80% in trade today after it announced a decline of 26.8% YoY in its consolidated net profit to Rs 491.90 crore as compared to Rs 671.67 crore in the corresponding quarter of last year. The miniratna PSU announced its revenue from operations at Rs 2055.50 crore for the quarter ended December 31, 2024, down 20.41% as compared to Rs 2,582.76 crore in the similar quarter of last year.

The company also declared an interim dividend of Rs 1.40 per equity share for the FY 2023-24 and fixed Feb 22, 2024 as record date. Last trading price of NHPC shares on BSE is Rs 81.04 apiece. Check details below:

NHPC Declares Interim Dividend: According to the BSE filing of the company dated Feb 12, "Payment of interim dividend at the rate of 14% (Rs 1.40/- per equity share) on the face value of paid-up equity shares of ₹ 10/- each for the financial year 2023-24. Pursuant to Regulation 42 of SEBI LODR, the Board has fixed 22.02.2024 as record date for the purpose of ascertaining eligibility of shareholders for payment of interim dividend. The interim dividend shall be paid/ dispatched within the period as stipulated in the Companies Act, 2013."

NHPC Limited Inks MoU With GPCL: According to the BSE filing of the company dated January 5, 2023, "In compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that during Vibrant Gujarat Global Summit, 2024, NHPC Limited has signed a MoU with GPCL for proposed investment of Rs.4,000 crore in Kuppa Pumped Storage Project (750 MW), Chhota Udaipur, Gujarat with proposed year for commencement of investment as 2024-25."

NHPC Limited Stock Performance & Return: The 52-week high price of NHPC Limited share on BSE is Rs 115.84 apiece and 52-week low price is Rs 37.80 apiece, respectively. The company has a market capitalisation of Rs 81,404.96 crore. NHPC Limited shares tanked 22% in last 1-week, fell 7% in last 2-weeks, but offered attractive return of 57% in last 3-months. NHPC stock gained 103% in last 1-year, rallied 176% in last 2-years, and offered return of 224% in last 3-years.

About: NHPC Limited is the largest hydropower development organization in India, with capabilities to undertake all the activities from conceptualization to commissioning of hydro projects. NHPC has also diversified in the field of Solar & Wind energy development etc. NHPC Ltd. (Formerly known as National Hydroelectric Power Corporation Ltd.) was incorporated in 1975 under Companies Act, 1956. The company is mandated to plan, promote and organize an integrated and efficient development of power in all its aspects through Conventional and Non-Conventional Sources in India and abroad. NHPC is a listed company on NSE and BSE after successfully concluding its IPO in 2009.

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