Hydropower PSU NHPC Ltd revives with strong positive trend, Check Price Target and other details
NHPC, the Hydropower PSU giant, has been constantly moving upwards from five days of trading sessions.
Amid consecutive market volatility, the shares of NHPC Ltd have rebounded back by surge of 4.06% in Tuesday’s session of the stock market. The Hydropower PSU giant has been constantly moving upwards from five days of trading sessions.
The PSU stock opened today at Rs 84.87 at BSE. The outperformance has been up by 1.83% which reflects a strong positive trend. The stock has reached an intraday high of Rs 87.18 indicating a strong short to long term performance trend.
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Recently, the company has shared an information regarding its Parbati Hydroelectric Project which is located in Behali village in Kullu district of Himachal Pradesh. It has total 800 MW capacity installations and has been commercialized under four stages.
With the significant market capitalization of Rs 88.33K crore, the company has proven to be one of the largest hydropower PSUs in the country and has around 6717 MW of installed capacity. The 52-week high is at Rs 118.40.
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According to analysis of 8 analysts ratings, the NHPC Ltd’s target price is Rs 91.12 with a slight upside of 7.15% as compared to the current price of Rs 84.44.
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