Posted On: July 26, 2023

Stock Report : NHPC (NSE) 25 Jul 2023

Outlook: BULLISH 

Sector: Utilities

Industry: Utilities – Renewable

NHPC Limited, founded on November 7, 1975, is a prominent Indian public-sector hydropower company with its headquarters situated in Faridabad, India. The company was established with the objective of planning, promoting, and organizing the integrated and efficient development of hydroelectric power in the country. Over the years, NHPC has played a significant role in contributing to India’s electricity generation sector and has been actively involved in energy trading. NHPC owns and operates several power stations, and one of its notable projects is the Salal Dam. The company has been listed on the National Stock Exchange (NSE) with the stock symbol NHPC. As of the most recent update, the stock price stands at ₹49.60, with a slight decrease of 0.80% from the previous value. 

#xCalData predicts NHPC will continue its Bullish phase over the next five days and trend in the range of 50 to 53. 

In comparison to the previous month, the price of the stock has experienced an increase of 9.89% indicating a bullish. 

The Stock has doubled Once since 07 Sep 2015 and took an average of 1.6 years to double. 

he stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given Negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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