NHPC Stock Surges: Key Points

Up 161%: NHPC stock has skyrocketed from its 52-week low, fueled by green energy push and a new project launch.

Analysts Bullish: Targets range from Rs 105 to 135, with support at Rs 80-88. However, some predict consolidation after the rally.

Valuation: Higher than industry average (P/E 26.03 vs. 24.89).

Q3 Earnings Down: Net profit and revenue fell compared to the previous year.

NHPC, India’s hydropower giant, has been on a tear:

Up 161% from its 52-week low, making it a multibagger stock.
Rallied 82% in the last three months alone.
Reached a high of Rs 98.90, close to its record of Rs 115.85.

What’s fueling the fire?

Government’s push for green energy: NHPC’s core business aligns with India’s renewable energy goals.
Recent project launch: A 300 MW solar power plant with an investment of over Rs 1,732 crore.
Positive analyst outlook: Targets range from Rs 105 to Rs 135, with support around Rs 80-88.

But hold on:

Q3 earnings saw a decline: Net profit and revenue fell compared to the previous year.
Stock valuation appears higher than industry average: P/E ratio of 26.03 vs. 24.89 for the sector.
Short-term correction possible: Some analysts predict consolidation after the sharp rally.

So, what’s next for NHPC?

Technical indicators suggest potential upside: RSI not overbought, trading above multiple moving averages.
Bullish sentiment prevails: Analysts see further growth, despite possible short-term volatility.
Investors should: Consider their risk tolerance and investment horizon before taking a call.