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POSTED BY ON October 20, 2010 5:31 pm COMMENTS (5)
I hear a lot about NHPC ,how good is it? from the balance sheet i see a 6-8% profit every year that doesnt look very attractive,is it worth a buy?
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Thats fine Hemant. I remember b’coz I am one of those who stuck in that stock at 36…
Oh!!
Let me start a discussion on the forum – on the same topic.
Thanks Rajendra
I don’t have that sharp memory & as also I don’t research equities 😉
@Hemant.
Small correction NHPC was provided @36 not @35.
These are utility companies & there return on equity is in similar range as you have mentioned.
Its IPO came last August at Rs 35 & now it is trading at Rs 32. This is the reason we say IPO stands for “Its Probably Overpriced”
Disclaimer: I don’t research equity.