Navratna public sector undertaking (PSU) NHPC Ltd share price today zoomed 1.34% on Bombay Stock Exchange (BSE) to Rs 80.87 per share. The shares witnessed rally today after leading brokerage firm CLSA sough to upgrade the PSU to high-conviction “outperform” rating from “outperform” indicating positive levers for growth. The analyst however reduced the target price slightly to Rs 117 per share from previous Rs 120 per share. If you buy NHPC shares today at Rs 80.87 per share, you can fetch potential returns of 44.68%.

Meanwhile, the company is backed by PSU insurer Life Insurance Corporation Of India (LIC) with stake of 4.00% stake. The market capitalisation stood at Rs 81,183.97 crore. The PSU offers a return on equity (ROE) of 7.49%. Check key details below:

NHPC Shares Likely To Rally As CLSA Issues Fresh Target Price

NHPC Shares Rise After CLSA Upgrades To High-Conviction “Outperform”

As per the Hong-Kong based brokerage firm, the state-owned company’s shares could double in next 4-years. The brokerage firm said the PSU has 15% of country’s hydro capacity as it possesses a 67% share in several under-construction projects, pushing robust earnings per share growth as against slow growth in the sector.

NHPC Shares Performance

The 52-week high price of NHPC Limited share on BSE stood at Rs 118.45 per share (as on 15/07/2024) and 52-week low price quoted at Rs 71.01 per share (as on 12/02/2025), respectively. NHPC shares surged 10.74% in last 1-week, soared over 4% in 2-weeks, and declined 15.56% in last 6-monhts. NHPC shares plunged over 12% in last 1-year. The stock delivered shareholders return 107.21% in last 2-years and gained 277.72% in last 5-years. In comparison, BSE Power index jumped 79.13% and 231.61%.

NHPC Shares Fall 31.73% From 52-Week High Price

The Navratna PSU shares witnessed decline of 31.73% from 52-week high price of Rs 118.45 per share, if the stock’s current share price of Rs 80.87 is taken into consideration.

NHPC Dividend History

The Navratna PSU recommended a total of 26 dividends since September 7, 2010. In last 1-year, NHPC declared an equity dividend of Rs 3.30 per share. At the current share price of Rs 81.87, NHPC offers a dividend yield of 4.06%. Shares of NHPC traded ex-dividend on Feb 13, 2025 for Rs 1.40 per share dividend.

NHPC Bonus Shares History

It never recommended any bonus share till date.

Shareholding

Number of FII/FPI investors increased from 584 to 590 in Dec 2024 qtr. Mutual Funds have increased holdings from 3.63% to 4.38% in Dec 2024 qtr. Institutional Investors have decreased holdings from 20.27% to 19.94% in Dec 2024 qtr

NHPC Q3 Results

The company today declared its financial results for the quarter and nine months ended December 31, 2024. Its consolidated net profit for the quarter ended December 31, 2024 announced at Rs 330.13 crore, indicating a fall of 47.03% from Rs 623.28 crore reported in the corresponding quarter of last year. The firm declared its consolidated total income for the December 2024 quarter at Rs 2616.89 crore, reflecting a marginal surge of 2.64% as against Rs 2549.69 crore total income reported in the similar quarter of last year. Total expenses for the quarter under review announced at Rs 2217.51 crore from Rs 1733.01 crore reported in the same quarter of last year.

Disclaimer: The stock has been picked from the brokerage report of CLSA. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.