PSU Stock Skyrockets 19% After Announcing 216% YoY Increase in Net Profit
India, May 14 -- This Mid-cap Power Stock, engaged in lignite mining, thermal power generation, renewable energy production, and power distribution operations across multiple regions in India, jumped 19.09 percent after the company reported its March quarterly results with a 216.24 percent YoY increase in net profit and announced a dividend of Rs. 0.25 per share.
With a market capitalization of Rs. 53,101.25 crores, the share of NLC India Limited has reached an intraday high of Rs. 387.70 per equity share, rising nearly 19.09 percent from its previous day's close price of Rs. 325.55. Since then, the stock has retreated and is currently trading at Rs. 383.25 per equity share.
Q4 FY26 Result Walkthrough
Coming into the quarterly results ...
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