NHPC declares interim dividend; stock surges over 10%

The stock surged 12% to Rs 30.80, also its 52-week high on the BSE in intra-day trade

NHPC has surged 12% to Rs 30.80, also its 52-week high on the BSE in intra-day trade on back of heavy volumes after the company announced interim dividend of 17% or Rs 1.70 per equity share.

“The board of directors of the company in its meeting held on January 12, 2017 has declared an interim dividend @ 17% of the face value of Rs 10 per share (Rs 1.70 per equity share) on the paid up equity share capital of the company for the financial year 2016-17,” NHPC said in a BSE filing.

The company has fixed January