NHPC on slightly high trend ratio with Subansiri Lower Project commercialisation
NHPC Ltd are surged over by 0.27% in the early trade of Wednesday session and the stock opened today at Rs 78.44 and reached to an intraday high of Rs 78.70 as compared to the 52-week high of Rs 92.34. The PSU company has recently announced the commercial operation of Unit-2 (250 MW) of the 2000 MW Subansiri Lower Hydroelectric Project.
New Delhi: Shares of state-owned firm NHPC Ltd are surged over by 0.27% in the early trade of Wednesday session and the stock opened today at Rs 78.44 and reached to an intraday high of Rs 78.70 as compared to the 52-week high of Rs 92.34. The PSU company has recently announced the commercial operation of Unit-2 (250 MW) of the 2000 MW Subansiri Lower Hydroelectric Project. NHPC Subansiri Lower Project will significantly improve energy supply in the North-East and serve as a testament to nation’s commitment to state-of-the-art, sustainable power systems.
The project is further moving towards the commissioning of 3 Units of 250 MW each shortly followed by phased commissioning of the remaining four units during 2026-27. With the full commissioning of the 2000 MW Subansiri Lower Hydroelectric Project, it will boost the India’s renewable energy capacity while enhancing the national grid resilience.
Stock Analysis:
However, the stock NHPC Ltd is not completely debt-free yet maintains a strong financial position with manageable debt with strong indication by a Debt-to-Equity ratio around 0.94-0.99 as of March 2025.
As of 2025, the stock price value is varied as per analysts with CLSA setting a bullish target of Rs 120 in 2024 and general analyst consensus shows an average target around Rs 90-93 with potential highs reaching over Rs 120, driven by growth in pumped storage projects and green energy, though risks like debt exist.
The Brokerages like Elara maintain 'BUY' ratings expecting targets beyond Rs 100.