NHPC share price target 2024, dividend announcement: The power sector company NHPC has notified the markets that, in conjunction with its fourth quarterly earnings report for fiscal 2024, it plans to declare a dividend for its shareholders. Should you BUY, SELL, or HOLD?
NHPC Share Price Target 2024: The dividend yield on NHPC shares, at the current market price of Rs 96.20, is 1.92 percent. (Image: NHPC’s official website)
“The company’s board of directors is set to meet on Friday, May 17, 2024, among other things to discuss the audited financial results (consolidated and standalone) for the quarter and year that concluded on March 31, 2024. The company stated in an exchange filing that the Board of Directors may also decide to recommend a final dividend, if any, on the equity share capital of the company for the fiscal year 2023–2024.
The goal of the hydroelectric power generating business NHPC is to efficiently plan, develop, and operate an integrated network of hydroelectric projects throughout India. They carry out every step of the hydroelectric project development process, from project conception to project commissioning.
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NHPC Share News
In order to investigate potential cooperation in showcasing Ocean Sun’s floating solar energy technology, NHPC has teamed up with the Norwegian company. The deal intends to install solar panels at specific NHPC locations on hydro-elastic membranes. This action is a reflection of NHPC’s dedication to sustainable development and the expansion of its portfolio of renewable energy projects, which already includes green hydrogen, solar, wind, and hydropower. On April 29, 2024, the MoU was signed by Ocean Sun CEO Kristian Torvold and NHPC Executive Director R Shrivastava in front of senior NHPC officials and May-Elin Stener, the Norwegian Ambassador to India. In addition, NHPC won a contract to build a 200 MW solar power project in Gujarat. The project is scheduled to be completed in 18 months, with a fixed tariff of Rs 2.66 per unit and a projected cost of Rs 847 crore.
NHPC Share Price Target 2024: Will it cross the Rs 100-mark?
“On the daily chart, NHPC stock has shown a positive candle formation, staying above the important 50EMA level.” The ideal price range for traders to purchase is Rs 105–110, according to
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher Pvt. Ltd.
On April 30, 2024, NHPC’s shares ended trading at Rs 96.20 a share on the NSE. The analysts’ goal indicates a potential gain from current prices of up to 14.35%.
NHPC Dividend History, Yield
The interim dividend of Rs 1.40 was paid by NHPC in February 2024, as per the BSE website. The PSU distributed dividends twice in 2023: in August for Rs 0.45 and in February for Rs 1.40. The state-owned business distributed dividends of Rs 1.31 in February and Rs 0.50 in August of 2022. NHPC gave its stockholders a dividend of Rs 1.60 on each stock in 2020 and Rs 1.50 on each stock in 2021.
Its dividend yield, at the current market price of Rs 96.20, is 1.92 percent.
NHPC Share Price History
A component of the S&P BSE 200 is NHPC. The market value of the company is almost at Rs 1 lakh crore. Its market capitalization is at Rs 96,603 crore.
BSE Analytics reports that its shares have increased 7.14 percent over the last week, 7.30 percent over the last month, 9.75 percent over the last three months, and an astounding 88.7 percent over the last six months. Year-to-date (YTD), the stock has increased by 45%. The PSU stock produced returns of 117.2 percent, 296.58 percent, 312.75 percent, and 406.16 percent over the previous one, three, five, and ten years, respectively.
