NHPC share prices started the day at ₹83.15, which was 0.51% less than yesterday’s closing price of ₹83.58. Incidentally, this was also 0.73% lower than the opening price of ₹84.20 on 8th April. Afterward, the midday prices saw the stock turning the corner somewhat, with prices rising to ₹84.01, which indicated 1.03% growth over the opening prices. The figure was reached after a plunge to ₹82.70 after the initial rise and then a peak at ₹84.19. NHPC share prices have closed at ₹84.40 today, which is 1.50% more than the opening price.
The stock remains in firm focus, especially with cost overruns related to long delayed projects that it has commissioned and also the takeover of two projects by the Government, along with the company’s asset securitization initiative to raise another ₹2,000 crore.
NHPC share prices have witnessed contrasting stories today, opening lower than yesterday’s closing price of ₹83.58 on 8th April, at ₹83.15. This was 0.51% lower than the closing price and interestingly, the prices closed 0.73% lower than the opening price of ₹84.20 on 8th April as well. By midday, however, NHPC seems to have shaken off the downward slump somewhat, trading 1.03% above the opening price at ₹84.01.
Prices rose and then plunged to ₹82.70 before peaking at ₹84.19 and then sliding a little to reach the current figures. NHPC’s asset securitization drive and project updates may still influence stock prices going forward.
After closing 0.73% lower yesterday at ₹83.58 (the opening price for 8th April was ₹84.20), NHPC share prices have started the day at ₹83.15, marking a further drop of 0.51% from the former. However, the opening price yesterday was higher than the closing price on 7th April by 1.44% and today’s developments mark a reversal of the trend. NHPC has been making news for the takeover of two of its projects by the Government and also its asset securitization drive to raise additional funds of ₹2,000 crore.
At the same time, the company has also been commissioning several long delayed projects, and there are cost overruns that investors are currently weighing. How these developments affect the stock prices today is something to watch out for.
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