NLC India Limited up by 8.74% - Traders Corners | Espresso

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Espresso Shot of the Day - NLC India Ltd up by 8.74 percent

May 02, 2022
Espresso Shot of the Day - NLC India Ltd up by 8.74 percent

NLC India Ltd. 88.95 (+8.74%) BSE – INE589A01014 | MAY 2, 2022


For more than six glorious decades, NLC India Limited has been a forerunner among the Public Sector Enterprises in the country in the energy sector, contributing a lion's share in lignite production and a significant share in thermal and renewable energy generation. The company was incorporated on 14/11/1956. NLCIL is a Navratna Government of India Enterprise, under the administrative control of the Ministry of Coal. Today, the company has set its footprints in Pan-India mode in the states of Tamil Nadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman & Nicobar Islands. A pioneer among the Public Sector Undertakings in the energy sector, NLCIL operates 3 open-cast Lignite Mines of total installed capacity of 28.50 Million Tonnes Per Annum (MTPA) at Neyveli, one open-cast Lignite Mine at Barsingsar in Rajasthan with an installed capacity of 2.10 MTPA and an open-cast coal mine at Talabira in Odisha with an installed capacity of 20 MTPA. The company is also operating 4 Lignite-based pit-head Thermal Power Stations with an aggregate capacity of 3390 Mega Watt (MW) at Neyveli and one 250 MW Lignite-based Thermal Power Station (BTPS) at Barsingsar, Rajasthan. A 1000 MW coal-based Thermal Power Station is also in operation at Thoothukudi, Tamil Nadu, through its subsidiary company, NLC Tamilnadu Power Limited (NTPL), a joint venture between NLCIL and TANGEDCO  (equity participation in the ratio of 89:11).


Recent Drivers

  • On Apr 23, 2022, the company had appointed Shri MT Ramesh as the Non-Official Part-time Director (Independent Director) of the company.
  • On Apr 7, 2022, the company had registered an 18.64% rise in power generation at 2,920 crore units in FY22.
  • On Mar 7, 2022, the company had declared Interim Dividend of Rs 1.5 per equity share.
  • On Feb 22, 2022, the company had appointed Shri K Mohan Reddy as the Director (Planning & Projects) of the company.
  • On Feb 18, 2022, the company had reported Net Sales of Rs 2,731.79 crores in Dec 2021, up 23.34% from Rs 2,214.86 crores in Dec 2020.
  • On Feb 18, 2022, the company had reported Quarterly Net Profit of Rs 231.14 crores in Dec 2021, up 35.03% from Rs 171.18 crores in Dec 2020.
(Sources: Moneycontrol, BSE, Economic Times)


Technical Force*

  • S&P BSE 500 month-till-date gain up by -0.93%
  • Traded on new 52-week-high value of 89.75
  • 3 months avg. NSE volume: 77,63,810
  • Quantity traded: 32, 20,220 | Deliverable Quantity: 4,37,628 (13.59%)
  • Stock price has jumped by more than 85% from one-year-low level: 47.25 (May 3, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 89.75 | 52-week-low: 47.25


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

113.03

96.52

79.28

62.77

45.53

29.02

11.78

    -

Fibonacci Pivot

96.52

83.62

75.66

70.53

62.77

55.00

49.87

41.91

29.02


Today’s Close

88.95

SMA

BSE

10 DAY

82.01

20 DAY

75.52

50 DAY

68.02

200 DAY

63.14


Some Key Ratios (Source: BSE)

Market Cap: 12,334.13 crores

PE: 8.50

OPM%: 34.2

ROE%: 10.42

Promoters holding%: 79.2

Prev. Close: 81.8



*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.