May 28, 2019 / 5:07 AM / 3 months ago

BUZZ-India's NHPC sees best session in 2-1/2 years on Q4 profit surge

** Shares of NHPC Ltd rise as much as 10%, mark their biggest intraday pct gain since Jan 2017

** Co engaged in electricity generation posts a five-fold jump in March-quarter consolidated profit

** Co’s total revenue surges 55.5%

** About 13.2 mln shares change hands, compared with a 30-day average of 2.8 mln shares

** Co’s forward PE of 9.92 is above sector’s avg of -95.10

** In comparison, rivals Jaiprakash Power Ventures Ltd has forward PE of -0.62 and SJVN Ltd has 7.37

** Up to Monday’s close, stock down 9.2% this year (Reporting by Harish Bhaskar in Bengaluru)

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