NHPC Slides 1.19% to ₹83.49 Despite Buzz Around Major Renewable Projects

4th April, 2025 / 3:30 PM

NHPC has been having a wholly different day in the markets today, as compared to yesterday, when the closing price of ₹84.67 was 2.01% more than the opening price of ₹83 for 3rd April. Today, however, it opened at ₹84.50, which was lower than the closing price yesterday, and the midday figure stood at ₹83.97, which indicated a slump of 0.62% from the opening prices. The stock came down rapidly to ₹82.96 and then went up to ₹84.80 for a while before it settled at the midday figures.

The closing price today is ₹83.49, which is 1.19% lower than the opening price, despite news of multiple projects undertaken by the company, including the mega Parbati-II HE project in Himachal Pradesh, its Bikaner solar power project, and a target of 3,000 MW renewable energy projects by 2027. The opening prices yesterday were lower than the closing price on 2nd April by about 0.71% as well, although the closing surge had raised expectations of it performing well.

4th April, 2025 / 12:30 PM

NHPC share prices stood at ₹83.97 by midday, representing a slump of 0.62% in comparison to the opening price of ₹84.50. This is a continuation of the drop seen today when the stock opened 0.20% lower than yesterday’s closing price of ₹84.67. After positive sentiments around the company’s Bikaner solar power project and Parbati-II HE project drove stock prices higher at the closing.

However, the current trend is mostly downward, plunging to ₹82.96 and then rising temporarily to ₹84.80 before settling at the present figures. How the share prices turn out by the end of the day is something to be seen later. Will NHPC mark a turnaround like the closing yesterday? Let’s wait and watch. 

4th April, 2025 / 9:30 AM

In what may be an indicator of muted sentiments, NHPC share prices have opened at ₹84.50 today, which is 0.20% lower than the closing price of ₹84.67 yesterday (3rd April). What stands out is that the closing price yesterday was 2.01% higher than the opening price of ₹83, a recovery that was visible from midday onwards, when it came 1.02% higher than the latter. However, the opening prices yesterday were also 0.71% lower than the closing price of ₹83.60 on 2nd April. Hence, the stock has opened below the closing price for two straight days now. 

The only exception was when it opened at ₹82.20 on the 2nd of April, which was slightly more than the closing price of ₹82.14 on 1st April. NHPC has been in the news for several developments, including its Parbati-II HE project and Bikaner solar power project. However, it could get back on the growth path due to recent news of the company eyeing asset securitization of ₹2,000 crore for the third straight year, and its targets of commissioning 3,000 MW renewable energy projects by 2027. There’s also been an update on investments starting for a 750 MW pumped hydro storage project in Gujarat. These developments may influence stock prices going forward. 

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