NHPC, India's leading hydropower generation company, recorded a strong intraday rise in its share price on April 22, 2025. The stock was trading at ₹90.26 as of 11:38 AM, showing a 2.91% surge from the last close of ₹87.71. The stock started the day at ₹88.39, reached an intraday high of ₹90.88, and an intraday low of ₹87.25.
This price range indicates moderate intraday volatility. There was high investor interest with almost 19.46 million shares changing hands, of a value of ₹1,756.14 crore.
NHPC shares have a market capitalization of ₹90,656 crore, positioning it well in the Indian power sector. The stock has a 52-week range from ₹71.00 to ₹118.40, and its all-time high is also at ₹118.40. Being currently priced towards the lower end of this range means the stock has room for growth and is undervalued currently.
As of 11.40 am, the NHPC share price chart shows gains of 3.12%, reaching ₹90.45:
The stock is trading at a trailing twelve-month PE ratio of 33.30, significantly higher than the sector average of 23.25. This premium valuation indicates market optimism about NHPC’s long-term earnings potential. However, the EPS has dropped 24.89% year-over-year to ₹2.71.
The P/B ratio of 2.26 is supported by a book value per share of ₹39.97. It shows investor faith in NHPC's underlying assets and growth opportunities. The dividend yield of 2.11% provides stability and may attract income investors.
The 2.91% intraday high in the stock is driven by many favourable factors:
Positive Market Momentum: Broader Indian markets are witnessing strong buying interest during the earnings season, foreign inflows, and positive domestic indicators. NHPC, as a fundamentally sound power sector stock, has gained from this positive sentiment.
Operational Progress: Recently, NHPC commissioned a 107.14 MW unit at its Karnisar solar project in Rajasthan under the CPSU scheme. It also started commercial supply from three units (600 MW) of the Parbati-II hydro project from April 1, 2025. These achievements boost future revenue growth and investor confidence.
Bond Issue Expectation: The company’s board is scheduled to meet on April 23, 2025, to consider a ₹2,000 crore bond issue through private placement. Such funding programs may facilitate further growth and financial strengthening.
Technical Strength: NHPC is trading higher than its daily moving average of ₹86.97 and its VWAP of ₹89.60, showing a positive trend. This initiated mass buying by technical traders.
Seasonal and Analyst Trends: April has been a favorable month for NHPC in the past. The company has enjoyed positive returns for 8 of the previous 16 years. The recent ‘high-conviction outperform’ rating by CLSA with an upside target of 44% has also resulted in positive sentiment.
NHPC's recent price action is supported by good fundamentals, good operational updates, and general market sentiment. Although the premium valuation and decline in EPS indicate some caution. Overall, the outlook remains positive, especially if future corporate developments and earnings meet expectations.