India's NHPC drops to 2-month low after discounted govt stake sale

NHPC

02/06/2026 05:05

** Power generation company NHPC's NHPC.NS shares fall 3.3% to 74.7 rupees, its lowest since March 
** India says it will sell up to 6% stake in co 
** The floor price has been fixed at 71 rupees/shr, implying about an 8% discount to NHPC's last closing price
** India holds a 67.4% stake in NHPC
** Stock trades at forward 12-months PE of 15.48, in-line with industry media
** Five of 8 brokerages rate the stock "buy" or higher; their median PT is 87 rupees
** YTD, stock down 5.7% vs 13.2% rise in Nifty Energy Index .NIFTYENR  

(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))