NHPC Gains as Strong OFS Demand Boosts Investor Sentiment

Shares of $NHPC attracted investor attention on Wednesday, rising more than 4% in morning trade as the government’s Offer for Sale (OFS) entered the retail bidding phase. The positive momentum followed strong participation from institutional investors, with the issue receiving bids significantly higher than the shares initially offered. Encouraged by the robust response, the government opted to exercise the full greenshoe option, increasing the total stake sale to 6%. The strong subscription levels reflect continued investor confidence in the state-run hydropower company and have supported sentiment around the stock despite broader market volatility. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.