NHPC Shares Surge After CLSA Upgrade

NHPC’s stock surged over 5% after CLSA upgraded it to ‘high conviction outperform’ with a revised target of ₹117. The brokerage sees shares doubling in four years, citing a 25% dip as a buying opportunity. NHPC plans to invest ₹84,000 crore in pumped storage and is evaluating increasing its stake in PTC India.