NHPC is one of India’s leading hydroelectric power companies. It has been listed on the NSE and BSE since 2009. The company primarily operates in the hydroelectric power segment but has been diversifying its business into solar energy, geothermal energy, tidal energy and wind energy in India. Founded in 1975, NHPC is one of the state-owned category-I enterprises under the Mini Ratna. In this article, we will discuss the NHPC share price target over the next few years and help an investor to make an informed decision to invest in NHPC company after proper consideration. Latest News On Monday morning, NHPC’s share price dropped by over 18% following the company’s announcement of a 26.77% drop in its 3rd quarter consolidated net profit due to higher-than-expected expenses. The company’s revenue decreased by 20.42% in the 3rd quarter of FY24 to Rs 2.055.50 crore compared to the previous year’s revenue of Rs 2.7 crore. The profit for the October-December quarter of FY24 was Rs 628 crore.
The market cap of NHPC Ltd is 86,186,000,000 INR, while the market cap of NTPC is 311,796,000, and the market cap of Power Grid Corporation is 251,348,000 INR. The market cap of Adani Power is 116,645,000, while the market Cap of JSW is 80,103,000,000. NHPC is one of the most profitable companies in the Indian energy sector, with a profit margin of 2.79%. The company has the benefit of having policies that are in line with its current needs and future growth prospects. NHPC has the potential to grow its business in India.
Conclusion
The NSE NHPC Share Price has increased by more than 263% in the past five years and more than 19% in the past six months. The stock of NSE NHPC has been a consistent performer on the NSE for several years and has recently witnessed a significant increase of 71% from Rs.35 per share as of August 14, 2023 to Rs.86.45 as of February 13, 2024. The future prospects of the NSE share price of NHPC are positive and on the high side of the trend on the NSE. However, it is recommended by India Property Dekho that investors should do their due diligence on the company's financials and seek professional advice before committing to any investment.
.png)
No comments:
Post a Comment