Shares of NLC India hit an over 12-year high of Rs 125.45, gaining 5 per cent on the BSE in Tuesday’s intra-day trade on stable outlook. The stock of state-owned power generation company has rallied 8 per cent in past two days. In comparison, the S&P BSE Sensex was down 0.11 per cent at 65,880 at 12:24 PM.
The market price of NLC India surpassed its previous high of Rs 121.45 touched on July 25, 2023. The stock has crossed Rs 125 mark for the first time in more than 12 years. It quoted at its highest level since January 2011. The stock had hit a record high of Rs 274 on January 4, 2008.
