NHPC share price: Navratna PSU gains 3% post Q4 results. Is it a stock to buy?

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NHPC share price: Shares of Navratna PSU NHPC Limited gained 3% in intraday trade on Wednesday, May 21, following the announcement of the March quarter results (Q4) and a dividend for the financial year 2024-25 (FY25).

The power company, post market hours on Tuesday, reported a 29% year-on-year increase in its standalone net profit to 894 crore for Q4 FY24, compared with 693 crore posted in the corresponding quarter a year-ago.

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