On the BSE, 12.45 lakh shares were traded in the counter so far compared with average daily volumes of 6.75 lakh shares in the past two weeks. The stock hit a high of Rs 34.6 and a low of Rs 33.6 so far during the day.

The stock had underperformed the market over the past one month, up 3.3% compared with 5.49% rise in the Sensex.

The scrip had also underperformed the market in past three months, up 4.78% as against Sensex's 8.36% rise.

However, the scrip had outperformed the market in past one year, up 29.52% as against Sensex's 5.89% rise.

NHPC is the largest organization for hydropower development in India. It has also diversified in the field of solar & wind power. As of 30 June 2022, the Government of India held 70.95% stake in the company.

The company's consolidated net profit jumped 14.5% to Rs 1,039.31 crore on a 15.2% surge in revenue from operations to Rs 2,785.14 crore in Q1 FY23 over Q1 FY22.

Shares of NHPC were up 0.59% to Rs 34 on the BSE.