NTPC drops amid volatility after a block deal

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Capital Market
Last Updated : Sep 26 2013 | 11:55 PM IST

NTPC lost 0.13% to Rs 148.80 at 12:20 IST on BSE after a block deal of 3.27 lakh shares was executed on BSE at Rs 146.95 per share at 11:10 IST.

Meanwhile, the S&P BSE Sensex was up 71.13 points or 0.36% at 19,927.37.

On BSE, 4.16 lakh shares were traded in the counter as against average daily volume of 2.86 lakh shares in the past one quarter.

The stock was volatile. The stock lost as much as 1.84% at the day's low of Rs 146.25 so far during the day. The stock lost 0.03% at the day's high of Rs 148.95 so far during the day. The stock had hit a 52-week high of Rs 173.70 on 8 October 2012. The stock had hit a 52-week low of Rs 122.65 on 28 August 2013.

The stock had outperformed the market over the past one month till 25 September 2013, jumping 15.5% compared with the Sensex's 7.22% rise. The scrip had also outperformed the market in past one quarter, surging 7.78% as against Sensex's 6.59% rise.

The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

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NTPC during trading hours on 24 September 2013 said that the Government of India (GoI) has paid Rs 536.30 crore to the company towards the settlement of claims recoverable in respect of expenditure incurred on Loharinag-pala Hydro Power Project.

NTPC's net profit rose 1.1% to Rs 2527.02 crore on 2.2% decline in net sales to Rs 15612.89 crore in Q1 June 2013 over Q1 June 2012.

NTPC, India's largest power company, has presence in the entire value chain of power generation business. The Government of India (GoI) holds 75% stake in NTPC (as per the shareholding pattern as on 30 June 2013).

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First Published: Sep 26 2013 | 12:21 PM IST

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