On Friday, the stock rallied nearly 5% following a company announcement made on January 2, 2026, where NHPC informed the BSE that its Board of Directors will meet on January 8, 2026. The agenda includes considering and approving the proposal to raise funds of up to Rs 2,000 crore through the issuance of unsecured, redeemable, taxable, non-convertible, non-cumulative bonds. These bonds are expected to be issued in one or more tranches via private placement, forming part of NHPC’s borrowing plan for FY 2025–26.
Investors appear to be reacting positively to the potential capital-raising move, which could strengthen the company’s financial position and support its ongoing projects.
Valuation and Technical Snapshot
On the valuation front, NHPC is currently trading at a price-to-earnings (PE) ratio of 26.49 and a price-to-book (PB) ratio of 1.86, suggesting a moderate market valuation relative to its earnings and book value. The stock is also trading close to its 52-week high of Rs 92.34, indicating it is near its recent peak levels.
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From a technical perspective, the stock’s 14-day Relative Strength Index (RSI) stands at 70.5. Since an RSI above 70 is generally considered overbought, this signals that NHPC may be due for a short-term pullback or consolidation.
Moving averages point to a bullish trend, with NHPC trading above all eight key simple moving averages (SMAs), reflecting consistent upward momentum across short- and long-term trends.
On the shareholding front, foreign institutional investors (FIIs) increased their stake in the company during the September 2025 quarter, rising from 9.31% to 10.05%, indicating growing confidence in the stock among overseas investors.
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