/ NHPC Touches New 52W High Addition In Open Interest By 66.95% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 12 January 2017

Indian Hydropower Generation company, NHPC, is gaining by 10.22% even as the company declared interim dividend of Rs 1.70 per equity share i.e. 17% of its Face value Rs 10. Nifty is struggling to cross 8400 level in today’s session. Nifty Energy index is trading at 10644.90 level, up by 1.15%.

NTPC, Power Grid Corporation, Tata Power, ONGC, IOC and NHPC are all collectively contributing to the growth of Energy index. The stock has touched its 52-week high at Rs 30.80 per share, up by Rs 3.40 per share or 12.40%. The stock has witnessed the spurt in volume by more than 20.77 times. The stock has registered addition of Open Interest by 1252 contracts or 66.95%. The increase in Open Interest and increase in price shows the bullish trend formed in the stock.

The company has seen increase in the revenue in Q2 FY17 by 9.40% as compared to previous quarter. The company’s revenue has grown at an average of 8% over the last five years.
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