Call Update: NHPC

NHPC has strong support at 30 and 28.5. Buy this good script in small quantities around 30 and leave it aside for 2 years to make some very good profit. Can touch 45.

On Thu, Sep 16, 2010 at 2:16 PM, POWERFULPICKS POWERFULPICKS <powerfulpicks@gmail.com> wrote:

powerfulpicks call re-circulation: Hydro power firm NHPC is a long term gestation stock and you must have an investment horizon of  3-5 years, so that company can finish projects, start earning more revenue and that will shoot up the stock price. Exactly for this purpose they have raised money in IPO recently. But power generation projects, especially hydro power take time to be setup. So you need to be patiently.

 

The good news is that after a successful trial unit, NHPC has just started commercial ops of all 3 units of the 120 MW Sewa (Jammu & Kashmir) hydro electricty project. So mpre profits will be coming for the company in next few quarters. The project is situated between the villages of Gatti and Mashka in Basoli tehsil of Kathua district of J&K and is a run-of-the river scheme constructed on the Sewa river, a tributary of the Ravi. NHPC can generate up to 5295 MW in J&K.

 

On Sep 3, I had mentioned that technically, it seems to be turning around and will easily reach 32.5 shortly (this happened exactly as I said, check the price today). And can even touch 37 in next 2-3 months.