The shares of Navratna Company NHPC Limited (NHPC) have seen a tremendous rise. In the last one month, the stock has risen more than 17% and reached BSE 5% on Friday to ₹ 85.50. Market experts believe that there may be further boom in the coming times.
NHPC supports CLSA, 44% increase in shares and possible
Hong Kong -based brokerage house CLSA has rated the NHPC ‘High Convision Outpart’. CLSA has retained a target price of ₹ 117 for NHPC, which means that the current level can lead to a possible gain of 44% in shares.
Parbati-II project increased capacity by 11.5%
NHPC is preparing to start the Parbati-II hydroelectric project in Himachal Pradesh in early April. According to CLSA, the company’s total production capacity will increase by 11.5% as soon as this project starts, which will strengthen long -term development.
NHPC shares gained 340% in 5 years
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In March 2020, NHPC shares were at ₹ 19.40, which has now reached ₹ 85.50.
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In the last 4 years, shares have risen by 265%.
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There has been a rise of 215% in the last 3 years and 113% in 2 years.
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NHPC’s 52-Veek high ₹ 118.45 and 52-Veik is ₹ 71.01.
Should investors bet on NHPC?
According to CLSA, it can be an attractive option for investment, given the cheap valuation and strong growth potential of NHPC. Increase in the company’s hydropower capacity and upcoming projects make it a strong bet for long periods.
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