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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