NHPC signed a power purchase pact with Rajasthan government and INOX for a 50 MW wind power project in the state. On the account, NHPC share price surged 6.5% to trade at the Price of Rs. 24.95.
The power project will transpire in Jaisalmer, and the Rajasthan government will purchase the power generated from the project.
India Ratings, in a recent note, pointed out that NHPC operates its plants on the cost-plus system, which provides a post-tax return on equity of 15.5-16.5 per cent, along with the reasonable recovery of all costs. This allows for high cash-flow certainty, said the rating agency, which has alloted AAA rating to company’s long-term loans and bonds.
Currently, NHPC share price is trading at Rs. 24.85 with a rise of 2%. The stock opened at Rs. 24.50 against its previous close of Rs. 24.35. The stock has touched the intraday high of Rs. 24.95 and the low of Rs. 24.30 so far. By mid day trade, 35.36 lakhs shares were traded over the NSE counter as compared to its average daily movement of 33.61 lakhs for twenty days.
The face value of the stock is Rs. 10 and the book value is Rs. 28.33. NHPC has the annual turnover of 83.72 lakhs and the PE of 10.63. The company has no promoter holding pledged.
NHPC share price has touched the lifetime high of Rs. 42 and the 52-weeks high of Rs. 28.30. The current ratio of the company stands at 1.92 while its quick ratio is 1.91. NHPC has the dividend yield ratio of 6.16%, and its interest coverage ratio stands at 5.59. The debt-equity ratio of the company is 0.59 and its Return on Asset is at 4.14%, along with its Return on Equity of 8.57%.
NHPC is the top 500 pick for the quarter by Dynamic Levels. For details on the stock, check NHPC share price history page of Dynamic Levels website.
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