Brokerage and research firm JM Financial, in a recent report, said that their analysis has highlighted a disconnect between PSU valuations and operational performance both vis-à-vis historical averages and the broader market
State-owned NTPC today said that right now it has no plans to buy back shares. "As of now we don't have any formal communication nor there is any further buyback from our side," company's Chairman and Managing Director Gurdee
Moody's Investors Service today said NTPC's 2015-16 results were in line with its projections and the company's financial position is likely to remain within its rating expectation over the next 12-18 months.
Delhi Congress today hit out at the AAP government and the BJP-led Centre over the power woes in the national capital, saying the situation was due to generation of less than installed capacity of the power plants.
With Life Insurance Corporation having subscribed to around 41% of NTPC's issue of shares on Tuesday, the power producer's offer for sale (OFS) sailed through attracting a total subscription of 1.8 times.
Mahindra CIE Automotive shares ended the day 8.32 per cent down at Rs 176.90 after the company on Monday reported 62.24 per cent fall in its net profit figures to Rs 4.97 crore for the quarter ended December 2015.