NHPC shares jump over 8% even as brokerages have mixed views on its prospects
Live MintBrokerage houses are divided on NHPC in response to the third-quarter results of the Indian public sector hydropower provider. On the other hand, Kotak Institutional Equities has revised its target price for NHPC stock to ₹60 per share and downgraded it from 'Add' to'sell'. “With a dividend yield of 2.5%, and nation’s priority to enhance hydropower due to its load following ability for grid balancing and pumped hydro storage in place, we continue to maintain our BUY rating on the ‘only’ large utility with 100% green energy portfolio with a target price of ₹91/sh,” said JM Financial in its report. NHPC share price The NHPC share price today surged over 8% after seeing a fall of over 15% in Monday's session post-Q3 results. Similarly, Rajesh Bhosale, Technical Analyst at Angel One stated that the stock has been in buzz since last few months however since last few sessions prices have come under pressure mainly due to profit booking.