NHPC slips on weak quarterly results

Reuters Updated - August 13, 2018 at 12:03 PM.

NHPC shares slipped as much as 3.6 per cent to Rs 24.05, its lowest since August 3, on weak quarterly results.

NHPC shares slipped as much as 3.6 per cent to Rs 24.05, its lowest since August 3, on weak quarterly results.

The company, engaged in electricity generation, has reported a 14.5 per cent drop in profit for the quarter ended June 30. NHPC's quarterly sales fell 8.5 per cent to Rs 2,129 crore ($306.14 million).

NHPC stock posted its biggest intraday percentage fall since July 16. The company shares had fallen 23.6 per cent this year as of last close.

Published on August 13, 2018 05:57