NHPC board plans to raise Rs 2,600 crore, stock to with hold positive rating
The increase in share prices follows a positive report from global brokerage CLSA, which has upgraded the stock to an ‘Outperform’ rating.
NHPC board plans to raise Rs 2,600 crore, stock to with hold positive rating
State-run NHPC Ltd has announced a board meeting scheduled for December 12, 2024, to consider a revised borrowing plan for the financial year 2024-25. The company intends to raise Rs 2,600 crore as part of this plan by issuing unsecured, redeemable, taxable, non-convertible, non-cumulative bonds through private placement.
The increase in share prices follows a positive report from global brokerage CLSA, which has upgraded the stock to an ‘Outperform’ rating. CLSA emphasized a strong growth outlook for NHPC’s green energy projects, supported by favorable regulatory conditions from FY24 to FY29.
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CLSA has set a price target of Rs 120 for the stock, indicating a potential upside of 38% from its current price. The increase in share prices comes after a positive report from global brokerage CLSA, which upgraded the stock to an ‘Outperform’ rating. CLSA emphasized a strong growth outlook for NHPC’s green energy projects, supported by favorable regulatory conditions expected to last through FY24-29.
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