- Summary:
- NHPC share price has been on a steady rise this year, and we take a look at its prospects in 2025.
NHPC share price was on the decline for the second consecutive session on Friday, trading at Rs 103.95 in the intraday session after going down by 1.33 percent. Significantly, the share price seems to be on course to snap a ten-day uptrend that culminated in a 14-week high price of 108.70 on Wednesday. Nonetheless, the NHPC share price is still 5.77 percent high this week, and has gained 16.7 percent in the last three months, including today’s session.
NHPC reported profits of Rs 549.8 crore for the quarter ended March 31, a decline of 16.3 percent year-on-year. Also, its consolidated net revenue stood at Rs 18.8 billion and the company declared dividend despite the decline in profit.
The company is currently engaged in a number of mega hydropower projects, which are expected to pay off. One of these is the Subansiri Lower hydropower project, which involves the construction of 8 units, each with a capacity of 250 MW for a total of 2,000 MW. Three of these units will be completed by March 2025, while five will be completed by May 2026. The other project, the 800 MW Parbati II project in Himachal Pradesh, is set for completion in December 2024. The Indian government has set its eyes on transitioning the country to dependency on renewable energy for 50 percent of its needs by 2030, and hydropower is central to that transition.
Technical analysis for 2025
NHPC share price 2025 pivot will likely be around 80.55, and the downside momentum will likely prevail if resistance remains at that level. Furthermore, the long-term support is likely to be above the 200-MA at 71.10, and a break below that mark could signal bearishness. Conversely, a break above 80.55 will carry some upside momentum, with a likelihood of periodic corrections to the downside. Furthermore, action above 92.40 will likely confirm the upside momentum, making it a good level to buy. The downtrend will likely continue if resistance persists at the 103.15 pivot.
