| 10. Dimpy arora 7/1/2010 11:26:56 PM IST |
Price @BSE - Rs 32.1 when posted |
| It is good to invest in Stocks but if you want to make more money then invest in Commodities tips and for the commodity free updates and recommendations visit MCX Commodity tips |
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| 9. gurpreet 6/30/2010 4:59:34 AM IST |
Price @BSE - Rs 31.05 when posted |
BUY NHPC FOR MEDIUM TO LONG TERM INVESTMENT:CMP 29.2,stop LOSS ON CLOSING BASIS BELOW 27.5.
The stock is trading at reasonable valuations even as earnings are expected to grow at a strong pace over the next four years, thanks to higher capacity additions. The company proposes to add 4,292 MW amounting to 83 per cent of the current capacity by FY2013, which may ramp up earnings and also improve the return on equity. While the projects in progress have depressed return on equity, most of them are in advanced stages of development now.
At current market price of Rs 28.5, the stock is trading at 22 times its estimated FY11 consolidated earnings and 1.39 times its estimated FY11 consolidated book value. In price-book value terms, NHPC is at a discount to NTPC and PowerGrid. With return on equity set to improve and earnings likely to grow at strong double digits, the stock deserves a higher valuation. The company`s Rs 6,189 crore of cash (inclusive of Rs 4,025 crore raised through IPO) works out to Rs 5 a share.
NHPC is under-leveraged and deployment of its cash in projects with a higher normative debt:equity may allow it to improve its returns on equity. The current debt-equity is at 0.64:1.
Its increased capacities will earn better tariffs after the new CERC norms which assure a post-tax return on equity of 15.5 per cent, compared to 14 per cent earlier. With most of the costs and external risks (including cost overruns) pass through to customers, the margins may improve. In addition, the company can also earn higher incentives by generating more than the design energy.
NHPC has 9,631 MW in planning stage to be executed over next decade. The planned capacities may have about 40 per cent allocated to merchant power in line with the National Hydro Power Policy, 2008. Even as the merchant tariffs over the next decade may moderate with increasing power supply, hydro projects with their lower costs (than thermal projects) may earn good returns. NHPC`s projects are situated on perennial rivers which reduces hydrological risks. It also earns carbon credits on some of its projects which can be traded to augment revenue streams.
NHPC plans to diversify its fuel base by entering into thermal power through its subsidiary NHDC. The latter is planning 2,640 MW of thermal plants in Madhya Pradesh. |
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| 8. rajat rastogi 4/14/2010 3:21:49 AM IST |
Price @BSE - Rs 31.2 when posted |
for me if one bought and his average price is around 31-32 then it`s very good and he may hold for 2-3 years for decent gains.NHPC is seeking approval for 10,000 mw projects.It completed an IPO recently and is now eyeing to expand its overseas presence.NHPC is executing 11 projects with an aggregate capacity of 4622 mw that will enable it to become 9500 mw-plus company by 2013.
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| 7. Mpsingh 4/13/2010 6:47:44 PM IST |
Price @BSE - Rs 31.25 when posted |
| I have bought 1338 shares at the IPO.Let me know the future of NHPC Ltd.when will it start its generating power? |
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| 6. geetanjali 3/21/2010 10:03:06 AM IST |
Price @BSE - Rs 31.6 when posted |
| I have heard that this share is moving to futures and options..guarter 4 results is expected to go high...so it can achieve target of 35 level.. |
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| 5. SUBHASH AGARWAL 3/19/2010 9:20:12 PM IST |
Price @NSE - Rs 31.55 when posted |
| ADVICE ON NHPC |
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| 4. raj 3/13/2010 2:15:31 PM IST |
Price @BSE - Rs 31.8 when posted |
| wait for some more time till 25 level,it will give a profit 800 % in dec.2013 |
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| 3. Rakesh 11/8/2009 8:57:28 AM IST |
Price @BSE - Rs 32.65 when posted |
EPS for NHPC for the September quarter is Rs 0.54 and with this we may expect full year EPS to be Rs 2.
Stock is still trading PE of 16 if we consider EPS of 2.
It is still trading at much low PE than NTPC or any other power generating companies.
NHPC expected to add over 9000 MW capacity by 2013. |
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| 2. Salim 9/4/2009 1:45:07 AM IST |
Price @BSE - Rs 36.1 when posted |
| I heard that Enam is accumulating NHPC and playing with it as they played with cairn india and accumulated @ 126-130. |
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| 1. mann 9/3/2009 6:28:01 AM IST |
Price @BSE - Rs 36.4 when posted |
| Is it gud time to accumalate or wait for some more time till 25 level.... |
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