NHPC Share Price 📈: National Hydroelectric Power Corporation (NHPC), the country’s largest hydroelectric power company, has been performing well in the stock market. In the past year, the stock has witnessed a growth of over 100%. In the last month alone, the share price has increased by 36%. This surge in price has left investors wondering whether to sell the stock and make a profit or wait for a longer period of time. However, market experts have advised caution.
🔴 Experts’ Advice: When a stock offers returns of over 100% in a short period of time, investors often become apprehensive. The dilemma arises whether to be content with what is available or wait for a longer period. The same holds true for NHPC’s stock at the moment. Experts have recommended that investors should exercise patience and wait for a longer period of time. They believe that if you sell the stock now, you might miss out on another significant rally.
📈 Current Status: As of Thursday (1 February 2024), NHPC share was trading at Rs 91.8, witnessing a rise of 0.88%. The share price is currently up by over 4%. Since the beginning of the calendar year in January, the stock has already witnessed a growth of over 35%. Market expert Ravi Singh suggests that in the next three months, the share price can surpass its current price by an additional 15%. In other words, the stock could reach up to Rs 100. Singh has also advised investors to keep a stop loss at Rs 77.
🚀 Impressive Returns: NHPC’s share has provided significant returns to investors. The stock reached a low of Rs 37.80 on 27 February 2023, and since then, it has witnessed a growth of over 137% in just 11 months. On 30 January 2024, the stock hit a 52-week high. Currently, the share is trading at Rs 92 on NSE. The company is set to announce its quarterly results for December next month on 12 February. NHPC will also soon declare an interim dividend.
💡 Short: NHPC’s share price has been on a tremendous growth trajectory, providing substantial returns to investors. While the stock has witnessed a significant surge, experts advise investors to be patient and wait for further growth. With the company’s upcoming quarterly results and the announcement of an interim dividend, NHPC’s stock could continue to perform well in the market.
(Note: NHPC is a Hindi acronym, hence the use of Hindi terms in the news)
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
