NTPC rose 0.61% to Rs 165.05 at 14:15 IST on BSE after the company said that its board of directors will meet on 29 July 2017, to approve issue of non-convertible debentures upto Rs 15000 crore.
The announcement was made during market hours today, 26 July 2017.Meanwhile, the S&P BSE Sensex was up 103.86 points or 0.32% at 32,332.13.
On the BSE, 4.58 lakh shares were traded on the counter so far as against the average daily volumes of 5.6 lakh shares in the past one quarter. The stock had hit a high of Rs 165.60 and a low of Rs 164 so far during the day.
The stock had hit a 52-week high of Rs 177.80 on 27 January 2017 and a 52-week low of Rs 143.45 on 13 October 2016.
The stock gained 3.9% over the past one month till 25 July 2017, outperforming the Sensex's 3.5% rise. The scrip had, however, underperformed the market in past one quarter, falling 1.03% as against Sensex's 7.63% rise. The scrip had also underperformed the market in past one year, rising 4.36% as against Sensex's 14.71% rise.
The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.
NTPC said that the board of directors of the company in a meet on 29 July 2017, shall consider and approve issue of secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures upto Rs 15000 crore during the period commencing from the date of passing of special resolution in the ensuing Annual General Meeting till completion of one year thereof or the date of next Annual General Meeting in the financial year 2018-19 whichever is earlier.
The company will also announce its Q1 results on 29 July 2017. NTPC's net profit declined 25.5% to Rs 2079.40 crore on 11.4% rise in net sales to Rs 20416.67 crore in Q4 March 2017 over Q4 March 2016.
NTPC, India's largest power company, has presence in the entire value chain of power generation business. The government of India held 69.75% stake in the firm as on 30 June 2017, as per the shareholding pattern.
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