NHPC Share Price Set to Surge in 2025 After CLSA Gives OUTPERFORM Rating, Stock Jumps 5%

NHPC Share Price Target 2025: CLSA Sets Target of Rs 120, Sees Strong Growth Ahead

NHPC Share Price Set to Surge in 2025 After CLSA Gives OUTPERFORM Rating, Stock Jumps 5%
NHPC Shares Surge 2% at Rs 86.55, Marking 3rd Consecutive Day of Gains

NHPC Shares Soar 5% After CLSA's 'OUTPERFORM' Rating: Stock Hits Intraday High of Rs 88.79

NHPC shares surged by 5% today following an 'OUTPERFORM' rating from leading brokerage firm CLSA. The stock opened with a gap-up at Rs 87, marking a 2.51% rise from the previous close of Rs 84.87. It later reached an intraday high of Rs 88.79, fueling optimism among investors.

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NHPC Shares Surge 2% at Rs 86.55, Marking 3rd Consecutive Day of Gains

Around 2 PM, NHPC shares were trading 2% higher at Rs 86.55, with nearly 6 crore shares changing hands. This marks the third consecutive day of gains for the stock, as it continues to build momentum. Currently, NHPC is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages.

A Navratna PSU under the Ministry of Power, NHPC specializes in generating and selling bulk power to various utilities, further boosting investor confidence.

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NHPC Share Price Target 2025: CLSA Sets Target of Rs 120, Sees Strong Growth Ahead

Brokerage giant CLSA has initiated an OUTPERFORM rating for NHPC with an ambitious target price of Rs 120. CLSA highlights that NHPC's growth in the green energy sector over the next decade will be supported by favorable regulations from FY24-29. The firm also points out NHPC's expanding market share in hydro power, positioning the company for rapid growth in the coming years.

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