04 Sep 2025, 13:29 IST
NHPC Limited
JM Financial · BUY · target INR 103
The note says JM Financial maintains BUY on NHPC with an SOTP-based target price raised to INR 103 from INR 100, citing in-line 1QFY26 results, improved visibility on commissioning three units of the 8x250MW Subansiri Lower project during Aug-Sep'25 (project 96% complete), and regulated equity growing from INR 142bn in FY25 to INR 292bn by FY28, describing NHPC as the sole large utility with a 100% green energy portfolio.
From NHPC 1QFY26 RU, written by JM Financial and hosted by Investment Guru India. Orivam summarised it; the view is JM Financial's, not Orivam's.
Open the original PDF on Investment Guru India →Research PDFs are often removed by the firms that publish them. The summary above is kept so this page still means something if that happens.