$NHPC NHPC shares fell nearly 6% today (June 2, 2026)

NHPC shares fell nearly 6% today (June 2, 2026) after the Government of India launched an Offer for Sale (OFS) to divest up to 6% stake at a floor price of ₹71 per share — an 8% discount to Monday’s closing price. The move is part of the Centre’s FY27 disinvestment drive, expected to raise around ₹4,200 crore. 🏛️ Offer for Sale (OFS) Details Parameter Details Stake Offered Up to 6% (Base 3% + 3% Green Shoe Option) Floor Price ₹71/share (≈8% discount to previous close) Total Shares 60.27 crore Expected Proceeds ~₹4,200 crore Non‑Retail Bidding Opened June 2, 2026 Retail Bidding Opens June 3, 2026 Employee Reservation 45.2 lakh shares; max ₹5 lakh per employee Retail Limit ₹2 lakh per investor Lead Managers ICICI Securities, Goldman Sachs (India), SBICAP Securities 💡 Government’s Objective Part of asset monetisation and disinvestment strategy for FY27. Follows recent OFS in Coal India (₹5,542 crore) and Central Bank of India (₹2,266 crore). Total disinvestment proceeds so far: ₹7,800+ crore. Government stake in NHPC to reduce from 67.4% to 61.4% if fully subscribed. ⚙️ Company Fundamentals Strong FY26 results: Revenue up 33% YoY, EBITDA up 35% YoY. Boosted by commissioning of Parbati‑II, Subansiri Lower, and Karnisar Solar projects. Generation grew 16% YoY due to new capacity additions. Analysts view NHPC as a long‑term clean‑energy play, though short‑term sentiment remains weak due to supply overhang from the OFS. 📈 Market Outlook Short‑term: Price may stay under pressure until OFS concludes. Medium‑term: Expected recovery post‑OFS, supported by strong project pipeline and renewable expansion. Key Watch: Retail investor response on June 3 and post‑OFS institutional accumulation.