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The government plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC and has set the floor price at Rs 66 a share. This is at a steep discount of nearly 10% from the current market price.

The stock quoted a 52-week high of Rs 586.35 and a 52-week low of Rs 412.2.

Jefferies said it is not expecting an immediate tax hike, considering elections, some post-election measures such as higher capital gains tax are possible during the year.

In the corresponding quarter last year, the company posted a net profit of Rs 437.3 crore. Its revenue from operations increased 25.9% to Rs 1823.6 crore as against Rs 1449.2 crore in the corresponding period of the preceding fiscal.

A total of 11,219 shares changed hands on the counter till time (IST).

As of 31-Dec-2023, promoters held 50.05 per cent stake in the company, while FIIs held 6.24 per cent and domestic institutional investors had 13.43 per cent.

NIFTY had strong growth in 2023 compared to the previous year. Global markets recovered, with the NASDAQ and S&P 500 showing significant increases. Despite challenges, Indian markets and sectors like real estate, PSE, and Autos performed well. The BSE SME IPO index delivered outstanding returns. The US showed growth, while the Euro zone experienced recession and China faced real estate worries.

Medi Assist Healthcare will finalize share allotment to investors today evening. Investors will be allocated shares on a lottery basis. Investors can check allotment status on BSE or registrar website. IPO was subscribed 16 times, commanding Rs 25 premium in unlisted market.

It is an uptrend signal if the RSI value has crossed above 50 from below.

The stock quoted a 52-week high of Rs 3150.55 and a 52-week low of Rs 1155.1.