NHPC Limited to collaborate with Norwegian company for Floating Solar Energy Technology in India
NHPC Limited to collaborate with Norwegian company for Floating Solar Energy Technology in India
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NHPC Limited to collaborate with Norwegian company for Floating Solar Energy Technology in India
NHPC rose from Rs 88.15 as of February 29 to Rs 89.70 recorded on March 28, 2024, which translates into an upside of 1.7%. However, on a weekly basis, it has risen over 6%. The stock rallied nearly 40% in the last three months.
Multibagger stock: Kotak Institutional Equities said that the prevailing market price more than captures the intended growth plans without discounting associated delays.
Stock market: The brokerage firm put a target price of ₹60 on the PSU stock which hints at a 32 per cent potential downside.
Investment by hydro power giant SJVN Ltd has been hiked to Rs 12,000 crore for 2024-25, from the revised and budgeted amount of Rs 10,000 crore for the ongoing fiscal. Another hydro power giant NHPC Ltd will increase its investment to Rs 11,761.87 crore in 2024-25 compared to the revised estimated investment of Rs 9,006.31 crore for the current fiscal. NHPC's initial investment was budgeted at Rs 10,857.22 crore for 2023-24.