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NTPC gains on decent Q3 results

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Capital Market
Last Updated : Jan 30 2015 | 6:04 PM IST

NTPC rose 1.34% to Rs 143.75 at 15:25 IST on BSE after company's net profit rose 7.43% to Rs 3074 crore on 1.27% decline in total income to Rs 19339.37 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced during market hours today, 30 January 2015.

Meanwhile, the S&P BSE Sensex was down 502.96 points or 1.69% at 29,178.81.

On BSE, so far 18.36 lakh shares were traded in the counter as against average daily volume of 2.59 lakh shares in the past one quarter.

The stock hit a high of Rs 147.35 and a low of Rs 142 so far during the day. The stock had hit a 52-week high of Rs 168.80 on 6 June 2014. The stock had hit a 52-week low of Rs 110.90 on 4 March 2014.

The stock had underperformed the market over the past one month till 29 January 2015, gaining 1.36% compared with Sensex's 8.34% rise. The scrip had also underperformed the market in past one quarter, falling 3.21% as against Sensex's 9.53% rise.

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The large-cap thermal power generating firm has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

The Government has promulgated Coal Mines (Special Provision) Ordinance 2014 on 21 October 2014 wherein five coal blocks alloted to the company has been cancelled. As per section 5 of the said ordinance, the cancelled coal blocks may be allotted to a Government Company subject to fulfillment of certain conditions. The Coal Ministry has earmarked 36 coal blocks under section 5(1) of ordinance. The company expects the allotment of the cancelled blocks in its favour. Accordingly, the company considers the expenditure incurred on these blocks as good.

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First Published: Jan 30 2015 | 3:16 PM IST

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