NLC INDIA LTDLong
Buy NLC India
Buy around 60-63
Stop Loss 55 on weekly closing bases
Long-term target 73// 80 // 92
Strong resistance around 92-100. A monthly close above 92-100 can give a strong breakout and can easily reach to 200
Please follow me for more ideas and update
Do your due diligence this is not investment advice.
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NLC India Ltd on Monday reported a nearly 52 per cent jump in consolidated profit to Rs 756.83 crore for the quarter ended on March 31, 2021.
The company had posted a consolidated profit of Rs 498.12 crore in the year-ago period, NLC India said in a filing to BSE.
Consolidated income of the PSU in the January-March period increased to Rs 3,550.48 crore from Rs 3,405.14 crore in the year-ago period, the filing said.
The power dues collection for the group for the year was 114 per cent of the invoices raised amounting to Rs 11,375 crore which is the highest ever, the PSU said in a statement.
"Despite the pandemic situation, the company reported total income for the year up by 1.77 per cent to Rs 11,798.42 crore," the PSU said.
"The EBIDTA for the year has also jumped by 6.13 per cent to Rs 5,151.18 crore from Rs 4,853.64 crore," it added.
The board has recommended final dividend of 15 per cent apart from the already declared interim dividend of 10 per cent for the year 2020-21, NLC India said.
Stop Loss 55 on weekly closing bases
Long-term target 73// 80 // 92
Strong resistance around 92-100. A monthly close above 92-100 can give a strong breakout and can easily reach to 200
Please follow me for more ideas and update
Do your due diligence this is not investment advice.
_____________________________________________
NLC India Ltd on Monday reported a nearly 52 per cent jump in consolidated profit to Rs 756.83 crore for the quarter ended on March 31, 2021.
The company had posted a consolidated profit of Rs 498.12 crore in the year-ago period, NLC India said in a filing to BSE.
Consolidated income of the PSU in the January-March period increased to Rs 3,550.48 crore from Rs 3,405.14 crore in the year-ago period, the filing said.
The power dues collection for the group for the year was 114 per cent of the invoices raised amounting to Rs 11,375 crore which is the highest ever, the PSU said in a statement.
"Despite the pandemic situation, the company reported total income for the year up by 1.77 per cent to Rs 11,798.42 crore," the PSU said.
"The EBIDTA for the year has also jumped by 6.13 per cent to Rs 5,151.18 crore from Rs 4,853.64 crore," it added.
The board has recommended final dividend of 15 per cent apart from the already declared interim dividend of 10 per cent for the year 2020-21, NLC India said.
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