/ NHPC Spikes 6.3% On Buy Back Reports ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 2 February 2017

NHPC Ltd, a Govt. of India Enterprise will be buying back its shares on February 7 as decided in its borad meeting on 2nd February, 2017. The stock zoomed more than 6% on intraday basis on Thursday.

NHPC also ranked as a premier organisation in the country for development of hydropower is a Mini Ratna Category-I Enterprise of the Govt. Of India. NHPC Ltd is currently trading at Rs 30.55, up by Rs 1.35 or 4.62% from its previous closing of Rs 29.2 on the BSE.

The scrip opened at Rs 29.55 and has touched a high and low of Rs 31.2 and Rs 29.25 respectively. So far 14892785(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 32326.36 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 30.6 on 12-Jan-2017 and a 52 week low of Rs 19.25 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs 29.85 and Rs 27.8 respectively.

The promoters holding in the company stood at 74.51 % while Institutions and Non-Institutions held 14.1 % and 11.4 % respectively. The stock is currently trading above its 50 DMA.

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