52-Week High: Multibagger PSU Stock Under Rs 75 Inks Rs 4000-Cr MoU With GPCL

Miniratna public sector undertaking NHPC Limited shares hit 52-week high in trade today for second consecutive session after it inked an MoU (Memorandum of Understanding) with GPCL for proposed investment of Rs 4,000 crore. Last trading price of NHPC Limited share on BSE is Rs 71.96 apiece with intraday rally of 4.14%. NHPC Limited shares soared 128% in last 2-years. Check details below:

NHPC Limited Inks MoU With GPCL: According to the BSE filing of the company dated January 5, 2023, "In compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that during Vibrant Gujarat Global Summit, 2024, NHPC Limited has signed a MoU with GPCL for proposed investment of Rs.4,000 crore in Kuppa Pumped Storage Project (750 MW), Chhota Udaipur, Gujarat with proposed year for commencement of investment as 2024-25."

NHPC Limited Stock Performance & Return: The 52-week high price of NHPC Limited share on BSE is Rs 75.00 per share and 52-week low price is Rs 37.80 per share, respectively. The company has a market capitalisation of Rs 72,284.07 crore. NHPC Limited shares gained 22% in last 1-month, soared 58.50% in last 6-months, rallied 83% in last 1-year, and offered return of 128% in last 2-years. NHPC Limited shares gave shareholders return of 193% in last 3-years and 181% in last 5-years.

NHPC Limited Financials: The leading state-owned hydro power company on November 6, 2023 declared a slight surge in its consolidated net profit to Rs 1693.26 crore as against Rs 1685.81 crore declared in the corresponding quarter of last year, as per the BSE filing. It announced a decline in its total income to Rs 3,113.82 crore for the quarter under review as compared to Rs 3,477.93 crore in the similar quarter last year.

About: NHPC Limited is the largest hydropower development organization in India, with capabilities to undertake all the activities from conceptualization to commissioning of hydro projects. NHPC has also diversified in the field of Solar & Wind energy development etc. NHPC Ltd. (Formerly known as National Hydroelectric Power Corporation Ltd.) was incorporated in 1975 under Companies Act, 1956. The company is mandated to plan, promote and organize an integrated and efficient development of power in all its aspects through Conventional and Non-Conventional Sources in India and abroad. NHPC is a listed company on NSE and BSE after successfully concluding its IPO in 2009.