7,350 MW Projects: This multibagger Mini Ratna power company signs MoU with Government of Maharashtra!
The stock gave 33 per cent returns in 1 year, a remarkable 70 per cent increase in 2 years and it has delivered multibagger returns of over 120 per cent in just 3 years.
NHPC Ltd, a leading power generation company informed that the company has entered into a Memorandum of Understanding (MoU) with the Department of Energy, Government of Maharashtra for the establishment of Energy Storage Systems (Pumped Storage Systems) along with other renewable energy source (like Solar/ Wind/ Hybrid etc.) with a total capacity of 7,350 MW.
NHPC, a Mini Ratna category I public sector utility, is the Government of India’s flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities.
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On Wednesday, shares of NHPC Ltd gained 0.40 per cent to Rs 44.66 per share from its previous closing of Rs 44.48 with an intraday high of Rs 45.10 and an intraday low of Rs 44.41. The stock has a 52-week high of Rs 47.88 and a 52-week low of Rs 28.85.
According to the financials, NHPC Ltd has a market cap of over Rs 44,000 crore with a 3-year CAGR of 30 per cent. The net sales increased by 21.17 per cent and net profit increased by 41.47 per cent in Q4FY23 over Q4FY22. The net sales increased by 16 per cent and net profit increased by 12.29 per cent in FY23 over FY22. The stock has a PE of 11.50x and has been maintaining a healthy dividend payout of 49.5 per cent with a dividend yield of 4.04 per cent.
The stock gave 33 per cent returns in 1 year and a remarkable 70 per cent increase in 2 years. Moreover, it has delivered multibagger returns of over 120 per cent in just 3 years. Investors should keep an eye on this stock.