Research ReportsNHPC Q4 Results Review: ICICI Securities Downgrades To 'Sell' On Recent Stock Run-Up
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NHPC Q4 Results Review: ICICI Securities Downgrades To 'Sell' On Recent Stock Run-Up
ICICI Securities downgrades the stock to Sell, from Hold, given the recent run up in the stock price
(over the last three–four months), with a revised target price of Rs 72
NHPC's standalone revenue in Q4 FY25 stood at Rs 21 billion (+15% YoY) while Ebitda was Rs 9.4 billion (+4% YoY).
(Photo: Niyati Bohra/NDTV Profit)
NHPC is India’s largest hydro power generator with a healthy portfolio of 7.2GW across 28 sites and a strong operating track record. It is likely to commission large hydro-capacities of 2.8GW (Subansiri 2GW and Parbarti 800MW) over the next 12 months. The projects are expected to provide incremental regulated equity of ~Rs 110 billion.