Shares of hydropower producer NHPC Ltd have surged 161% from their 52-week low in nearly a year. The multibagger stock, which fell to a 52-week low of Rs 37.80 on February 27, 2023, rose to a high of Rs 98.90 in the current session. In comparison, the BSE power index gained 95% during the period. NHPC shares are on a bull run in the short term too climbing 82% in the last three months.
Shares of NHPC have lost 28% from their record high in seven sessions. The NHPC stock, which hit a record high of Rs 115.85 on February 5 this year fell to a low of Rs 83 in Wednesday’s trade, falling 28.34% during the period. Of the 28% loss, the NHPC shares slipped 14% in the last three sessions after the state-owned hydropower producer announces its Q3 earnings on February 12. In fact, the stock hit an intraday low of Rs 77.71, falling 19% on Monday. The decline in the stock was in line with the Q3 results of NHPC.