NHPC 35.35- Target 35.85 - 36.75 area, 37.65 - 39 area or even 40.35. Support 34 - 33.5 range. Stop-loss 31.5. Time: Three weeks. Fresh technical review required after three weeks.
If stop-loss is breached, fall to 31.35-30 zone, 28.65 - 27.75 zone or even less than 26.85.
Govt nay kaha hi, NHPC ke tarah sabhi psu s janta ka khoon pe lay. Ise ko kahtay hi adher nagri caupat raja taka sare bhaji taka sare kaja. Investors be care full.
This is one of the biggest scam by GOI and its finance minister in recent times. A company whose worth is not more than 15000 cr saled to public for 40000 cr. SEBI is also hand in globe.No ipo should be allowed with more than average PE of that particular industry. where india market benchmark is not available global market benchmark should be followed. But what to say rule framers itself is thief and fraud.NTPC has 30000 megawatt production capacity and its market capatilisation is less than 2 lakh crore. its operating profit is 20% by same yardstick NHPC with 5000 Megawatt capacity should be 6 times less.Under no circumstances PE can be more than 20 for a electric utility because of high gestation period, high operational cost and high depreciation and machinery cost. Govt has sales it for 38 PE. SEBI has approved it.NTPC market capatilisation 1.7 lakhs crore. So NHPC should not be more than 25000 crore. Better operating profit of NHPC can be componsated with leadership position of NTPC in power generation