NTPC advanced 1.73% to Rs 135.25 at 15:16 IST on BSE after the company scheduled a board meeting to consider a proposal for issuing bonus debentures to the shareholders of the company.
The announcement was made after market hours yesterday, 18 December 2014.
Meanwhile, the S&P BSE Sensex was up 304.43 points or 1.12% at 27,431
On BSE, so far 2.27 lakh shares were traded in the counter as against average daily volume of 3.26 lakh shares in the past one quarter.
The stock hit a high of Rs 136.45 and a low of Rs 133 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 September 2014.
The large-cap PSU thermal power producer has an equity capital of Rs 8245.46 crore. Face value per share is Rs 10.
NTPC scheduled a meeting of board of directors of the company on 23 December 2014, to consider a proposal for issuing bonus debentures to the shareholders of the company. NTPC said it is keen to reward its shareholders for their continued support as the company has entered its 40th year of operations. These bonus debentures may be issued through a scheme of arrangement under Section 391-394 of Companies Act, 1956, subject to approval of the board of directors of the company and receipt of requisite approvals under applicable laws, NTPC said.
The Government of India holds 74.96% stake in NTPC as at 30 September 2014.
NTPC's net profit fell 16.9% to Rs 2071.63 crore on 1.1% rise in total income to Rs 17267.32 crore in Q2 September 2014 over Q2 September 2013.
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