India's NHPC gains after commissioning solar power plant

NHPC

30/10/2024 07:32

** Shares of state-run power firm NHPC  NHPC.NS  advances
2.4% to 82.58 rupees 
    ** Co's unit commissions solar power plant for its Madhya
Pradesh project; likely annual revenue from the project is 658.7
mln rupees ($7.8 mln)
    ** Analysts' avg rating on stock is "buy", peer SJVN
 SJVN.NS  is rated "hold" - LSEG data 
    ** Median PT on NHPC is 101.5 rupees, 26% premium to last
close 
    ** NHPC up ~28% YTD vs 25% rise in SJVN 

($1 = 84.0760 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))