India's NHPC gains as complex hydro project nears commission; CLSA sees 41% upside

NHPC

28/03/2025 09:52

** Shares of India's NHPC NHPC.NS rise as much as 7% to 86.94 rupees, highest since December 12; last up 2.1%

** CLSA keeps "high conviction outperform" rating on co, sets 12-month price target of 117 rupees, 41% upside from current price

** Brokerage says Parbati 2 hydro-electric project in Himachal Pradesh state will commission by first week of April, should add 11.5% to co's capacity

** CLSA sees Parbati 2 project driving FY26 earnings per share by 21%, rekindling EPS growth absent this decade

** Parbati 2 has been under construction since 2003

** NHPC up 2% YTD

 (Reporting by Sethuraman NR in Bengaluru)

 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))