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NHPC
CMP (Rs.): 26.95 EPS (Rs.): 1.61 52 Week High : 35.90
MCap (Rs. Cr.): 33335 Book Value(Rs.): 18.92 52 Week Low : 26.55
Fundamental View :
The company commissioned one of its projects recently, which would further add to
the bottomline in the coming quarters.
It has 10 projects with 4,500 mw of capacity under various stages of construction to
be completed by the end of the financial year 2013. About 1,200 mw of this is
expected to go on steam in the next four quarters. These projects would double the
power generation capacity of the company.
The increase in revenue and profit would be even higher since the new regulation
provides higher returns on equity and higher efficiency parameters for new plants.
Outlook: Even though the stock has failed to attract investors' attention in the past one
year, the medium term prospects of the company are good. In the longer run, the company
is expected to behave like other global utility companies, offering steady cash flows and
attractive dividends. The near-term movement of the stock price may remain subdued.
Technical View:
In the daily charts the stock is below its 25 DMA which is at 27.90. The 14 day RSI is 35.79,
MACD on daily charts is -0.33. The stock is below its 200 DMA which is at 30.37.
Recommendations:
The stock has been unable to cross above 50 DMA on closing basis. The stock has to hold on
to 26.55 as it has been 52 week low and some more consolidation could only change the
trend of the stock from down to up. There can be more downside in case the stock forms
fresh lows below 26.50.
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