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Shares of NHPC Ltd rise as much as 10 per cent, marking their biggest intraday per cent gain since January 2017. The company engaged in electricity generation posts a five-fold jump in March-quarter consolidated profit. The firm’s total revenue surges 55.5 per cent.
The stocks of NHPC ended higher by 7.42 per cent at ₹25.35.
About 13.2 million shares change hands, compared with a 30-day average of 2.8 million shares. NHPC's forward PE of 9.92 is above sector's average of -95.10. In comparison, rivals Jaiprakash Power Ventures Ltd has forward PE of -0.62 and SJVN Ltd has 7.37.
Up to Monday's close, stock down 9.2 per cent this year.
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