NHPC shares nosedives 16% after earnings announcement
Mon, Feb 12, 2024 5:34 PM

NHPC shares nosedives 16% after earnings announcement

A Flip by Avya Verma
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State-owned NHPC's shares plummeted 16 percent after posting a 19 percent decrease in consolidated net profit for the December quarter. Their stock ended at Rs 81.03 on the BSE and Rs 98.45 on the NSE, with a high trading volume. NHPC reported a net profit of Rs 628.44 crore, down from Rs 775.99 crore, due to higher expenses. Total income also fell to Rs 2,549.69 crore.

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