NHPC Share Price Target: The share price of state-owned NHPC, a Navratna company, has received a bullish recommendation from brokerage firm Elara, which has projected an upside of around 25 per cent. This makes the BSE 200 stock an attractive buy under Rs 100.
The state-owned NHPC posted a strong Q4 performance, with net profit surging 71 per cent year-on-year to Rs 1,464 crore. Revenue from operations increased 20 per cent to Rs 2,816 crore, compared to Rs 2,347 crore in the corresponding quarter last year.
Elara Sees 24% Upside Potential
Following the strong quarterly performance, Elara maintained its BUY rating on NHPC with a target price of Rs 97. This implies an upside potential of 24.1 per cent from the current market price.
The brokerage highlighted that FY26 revenue is expected to rise 33 per cent YoY, driven by new capacity additions, while EBITDA is projected to grow 35 per cent YoY.
Management expects five hydro projects to be commissioned in FY27. However, under-recovery at the Subansiri and Parbati projects is estimated at Rs 4.5 billion. The brokerage believes the stock could witness a rerating after the full commissioning of the Subansiri project.
NHPC Share Price
As of 10:30 am, shares of the power generation company were trading 1 per cent higher at Rs 78.48. The stock also touched an intraday high of Rs 78.85, reflecting gains of nearly 1.5 per cent during the session.
NHPC Stock Performance
From a historical perspective, NHPC’s stock performance has remained solid over the long term. The stock gained 2.01 per cent in one week and 5.27 per cent over three months, indicating short-term recovery momentum. However, it declined 7.21 per cent in one month and remains down 12.01 per cent over the past year.
Despite recent volatility, long-term returns remain impressive, with gains of 78.09 per cent in three years, 206.42 per cent in five years, and 265.84 per cent over ten years.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
