NHPC rose 1.69% to Rs 18.10 at 09:20 IST on BSE as the company's buyback offer commences from today, 29 November 2013.
Meanwhile, the BSE Sensex was up 93.44 points, or 0.46%, to 20,628.35.
On BSE, 22,000 shares were traded in the counter compared with average volume of 8.25 lakh shares in the past one quarter.
The stock hit a high of Rs 18.10 and a low of Rs 17.95 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 28 November 2013, sliding 2.73% compared with the Sensex's 0.17% fall. The scrip had also underperformed the market in past one quarter, rising 11.25% as against Sensex's 14.11% 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 plans to buyback around 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. The buyback offer will close on 12 December 2013.
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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