PSU Under Rs 100: Hydropower Major To Consider Results, Dividend; Shares Gain 111% In 1-Yr

Leading public sector undertaking NHPC Ltd shares gained 0.93% in trade today to settle the day at Rs 93.43 per share on BSE. The PSU has a market capitalisation of Rs 93,850.76 crore. NHPC Ltd shares gave attractive return of 85% in last 6-months and 111% in last 1-year. The PE of NHPC Ltd is 24.39 and ROE is 10.27.

The company informed today about its upcoming meeting of Board of Directors scheduled to be held on May 17, 2024 to consider financial results and final dividend. LIC stake is 3.24% in NHPC as the PSU insurer has 325,141,165 shares of the company. More details below:

NHPC Ltd To Consider Financial Results, Final Dividend: As per the regulatory filing of the company dated April 29, 2024, "a meeting of Board of Directors of the Company is scheduled to be held on Friday, 17th May, 2024 to inter-alia consider audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended on 31st March, 2024. The Board of Directors in the aforesaid meeting may also consider to recommend final dividend for the FY 2023-24, if any, on equity share capital of the Company."

NHPC Limited Stock Performance & Return: The 52-week high price of NHPC Limited share on BSE is Rs 115.84 apiece (as on 05/02/2024) and 52-week low price is Rs 42.55 apiece (as on 26/05/2023), respectively. NHPC Limited shares surged 41% year-to-date, gave return of 181% in last 2-years, and offered return of 283% in 3-years. In last 5-years, NHPC stock soared 298%.

NHPC Dividend History: NHPC announced 24 dividends since September 7, 2010. In the last 12 months, NHPC announced an equity dividend amounting to Rs 1.85 per share. At the current share price of Rs 93.43, NHPC Ltd offers dividend yield of 1.98%.

NHPC Technical: Score is 73.78, stock is technically strong. Stocks with score above 70 are considered as technically strong. RSI is 58.3, RSI below 30 is considered oversold and above 70 overbought. MFI is 66.6, MFI below 30 is considered oversold and above 70 overbought. Number of FII/FPI investors decreased from 327 to 319 in Mar 2024 quarter. Number of MF schemes increased from 25 to 27 in Mar 2024 quarter. Life Insurance Corporation Of India (LIC) has stake of 3.24% in NHPC with 325,141,165 and Sbi Life Insurance Co. Ltd has 1.01% stake with 101,592,507 shares, according to Trrendlyne.

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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