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NTPC rises after offshore fund raising plans

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NTPC rose 0.67% to Rs 134.65 at 10:05 IST on BSE after the company said that it may make an offshore rupee denominated senior notes offering under Regulation S, subject to market conditions.

The company announced after market hours yesterday, 19 November 2015.

Meanwhile, the BSE Sensex was down 54.95 points, or 0.17%, to 25,798.76.

On BSE, so far 28,417 shares were traded in the counter, compared with an average volume of 2.45 lakh shares in the past one quarter.

The stock hit high of Rs 134.75 and low of Rs 133.75 so far during the day. The stock hit a 52-week high of Rs 164.70 on 12 March 2015. The stock hit a 52-week low of Rs 107.20 on 25 August 2015.

 

The stock had outperformed the market over the past one month till 19 November 2015, rising 5.07% compared with Sensex's 5.57% decline. The scrip had also outperformed the market in past one quarter, gaining 6.07% as against Sensex's 7.48% fall.

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

NTPC has mandated Barclays, Citigroup, Deutsche Bank AG, HSBC and SBI Capital Markets to arrange a series of fixed income investors meetings in London, Singapore and Hongkong commencing 23 November 2015.

NTPC's net profit rose 39.9% to Rs 2898.28 crore on 6.9% rise in net sales to Rs 17722.90 crore in Q2 September 2015 over Q2 September 2014.

NTPC, India's largest power company, has presence in the entire value chain of power generation business.

The Government of India (GoI) holds 74.96% stake in NTPC (as per the shareholding pattern as on 30 June 2015).

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First Published: Nov 20 2015 | 10:16 AM IST

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