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NHPC firms up as buyback offer ends today

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Capital Market
Last Updated : Dec 12 2013 | 11:56 PM IST

NHPC rose 1.66% to Rs 18.35 at 13:24 IST on BSE as the company's buyback offer closes today, 12 December 2013.

Meanwhile, the BSE Sensex was down 147.70 points, or 0.70%, to 21,023.71.

On BSE, so far 4.65 lakh shares were traded in the counter, compared with an average volume of 8.19 lakh shares in the past one quarter.

The stock hit a high of Rs 18.40 and a low of Rs 18 so far during the day. The stock hit a 52-week high of Rs 29.40 on 20 February 2013. The stock hit a 52-week low of Rs 14.80 on 7 August 2013.

The stock had underperformed the market over the past one month till 11 December 2013, falling 1.37% compared with the Sensex's 3.32% rise. The scrip had also underperformed the market in past one quarter, rising 2.85% as against Sensex's 5.87% rise.

The large-cap company has an equity capital of Rs 12300.74 crore. Face value per share is Rs 10.

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NHPC's buyback offer commenced from 29 November 2013. The company planned to buyback upto 123 crore fully paid up equity shares of Rs 10 each at a price of Rs 19.25 per share, aggregating Rs 2368 crore, from the open market.

NHPC's net profit fell 9.7% to Rs 707.58 crore on 3.1% decline in total income to Rs 1950.23 crore in Q2 September 2013 over Q2 September 2012.

NHPC is a state-run hydro-power utility. The Government of India (GoI) holds 1062.33 crore shares, or 86.36% stake in NHPC (as per the shareholding pattern as on 30 September 2013).

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First Published: Dec 12 2013 | 1:25 PM IST

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