Shares of NHPC surged over 3% following a positive recommendation from CLSA, which maintained an Outperform rating for the company with a target price of ₹120. The brokerage sees an upside of 41.51% from the current levels, citing NHPC’s strong position in the green energy sector.
The brokerage highlights NHPC as a significant beneficiary of green growth, particularly with the Lower Subansiri Hydro Project. Expected to contribute 1.5 GW by FY25, this project is expected to play a key role in supporting renewable energy expansion for the company. CLSA also pointed to the company’s strong regulatory framework for FY24-29, reinforcing NHPC’s long-term prospects.
As of December 9, 2024, NHPC shares were up over 3%.
Stock Performance:
- 1 Day: +3.04%
- 5 Days: +6.79%
- 1 Month: +7.30%
- 6 Months: -14.88%
- Year to Date: +34.64%
- 1 Year: +35.27%
- 5 Years: +268.21%
- All Time: +108.21%
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