Friday, 9 June 2017

NHPC zooms nearly 9% on hopes of government aid

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Shares of NHPC, an Indian hydro power generation company, rallied nearly 9 per cent, hitting 52-week high, on the Bombay stock Exchange after media report suggested that the government is planning to provide a Rs 16,000-crore bailout package to the hydro power sector.

Boosted by the development, shares of the company gained as much as 8.73 per cent to hit 52-week high of Rs 34.25 apiece on the Bombay Stock Exchange.

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