NHPC share price can go up to 105 on 28 August, 118 is the high level, know the opinion of big investors

NHPC, a leading power generation company, has seen its share price skyrocket to an all-time high on August 28, 2024, leaving investors thrilled and analysts optimistic about the company’s future prospects. The stock has been on a remarkable upward trajectory, outperforming its competitors and the broader market.

Meta Description: NHPC share price reaches new record high on August 28, 2024, with analysts predicting continued growth for the power generation company.

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NHPC Share Price Today Live

As of August 28, 2024, NHPC’s share price closed at a staggering ₹99.30, up by 2.09% from the previous trading session. The stock hit an intraday high of ₹99.80, showcasing the immense buying pressure and investor confidence in the company. NHPC’s market capitalization currently stands at a whopping ₹97,959.18 crore, making it one of the most valuable companies in the power sector.

NHPC IPO Listing Price and Historical Performance

NHPC made its debut on the stock exchanges in 2009 at an IPO price of ₹36 per share. Since then, the stock has undergone a remarkable transformation, delivering exceptional returns to its shareholders. Over the past 5 years, NHPC has provided a staggering 265.49% return, outperforming the Nifty 100 index by a significant margin.

NHPC Stock Forecast and Price Target

Analysts remain bullish on NHPC’s future prospects, with most of them recommending a “Buy” rating on the stock. The average price target for NHPC stands at ₹120, implying a potential upside of over 20% from the current levels. Factors such as the company’s strong project pipeline, focus on renewable energy, and government support are expected to drive the stock’s performance in the coming months.

NHPC Share Price Movement and Dividend History

NHPC has been consistent in rewarding its shareholders through regular dividend payouts. The company declared an interim dividend of ₹1.4 per share in February 2024 and a final dividend of ₹0.5 per share in May 2024, translating to a healthy dividend yield of 1.95%. NHPC’s share price has been relatively stable, with only 1.16% of trading sessions witnessing intraday declines higher than 5% in the last 15 years.

NHPC Stock Technical Analysis

NHPC technical indicators suggest a bullish trend for the stock. The 5-day moving average crossover appeared on August 27, 2024, indicating a potential buying opportunity. The Relative Strength Index (RSI) for NHPC currently stands at 65, suggesting that the stock is neither overbought nor oversold.

NHPC Share Price Comparison with Competitors

NHPC has outperformed its peers in the power generation sector. The company’s stock has delivered a 3-year return of 265.49%, significantly higher than the Nifty 100 index’s return of 55.35%. NHPC’s key competitors, such as SJVN Ltd. and Energy Efficiency Services Ltd., have also performed well, but NHPC has managed to maintain its lead.

NHPC Share Price Affected by Government Policies

As a state-owned enterprise, NHPC’s performance is closely tied to government policies and initiatives in the power sector. The company has benefited from the government’s focus on renewable energy and its push for sustainable development. NHPC’s projects in hydropower and solar energy have received strong support from the government, contributing to the company’s growth and profitability.

NHPC Stock Discussion and Expert Opinions

NHPC’s stock has been a topic of discussion among investors and analysts alike. Many experts believe that the company’s strong fundamentals, coupled with its focus on renewable energy, make it an attractive long-term investment. However, some analysts caution that the stock may face short-term volatility due to market conditions and regulatory changes

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