NHPC, an Indian electric utilities
company, continues to gainfor the second dayafter witnessing a
steep fall in last few sessions. Shares of the company plunged
27.4%inlast Friday and Monday trading session.
Reacting to fall in share prices, thecompanysaid on Monday, "As
far as the fundamentals of the company, there is no change which
affects the major price movement. In our opinion, there is no issue
in the Finance Bill which has any adverse effect on hydro sector.''
Shares ofthe companyare trading at Rs
20.80, up Rs 0.8, or 4% at the Bombay Stock Exchange (BSE) on
Wednesday at 11:25 a.m.The scrip has touched an intra-day high of
Rs 21 and low of Rs 20.25. The total volume of shares traded at the
BSE is 4,042,513.In the earlier session, the shares climbed 2.04%,
or Rs 0.4, at Rs 20. Currently, the stock is trading down 29.25%
from its 52-week high of Rs 29.40 and above 41.98% over the 52-week
low of Rs 14.65.
Post a Comment