NLC India Ltd Shares Surge 10.61% Amid Market Decline
NLC India Ltd spurts 10.61%
Business Standard
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NLC India Ltd's shares rose by 10.61% to ₹304.4 on the National Stock Exchange (NSE), marking a 26.08% increase over the past year. This surge comes despite a 0.39% decline in the benchmark NIFTY index, reflecting strong performance in the energy sector.
- 01NLC India Ltd's stock increased by 10.61% today.
- 02The company has seen a 26.08% rise in stock value over the past year.
- 03NLC India Ltd is up 16.07% in the last month.
- 04The stock's price-to-earnings (PE) ratio is 19.7.
- 05Trading volume for NLC India Ltd reached 297.28 lakh shares, significantly higher than the monthly average.
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NLC India Ltd's shares experienced a notable increase of 10.61%, reaching ₹304.4 as of 12:49 IST on the National Stock Exchange (NSE). This rise is part of a broader trend, with the stock up 26.08% over the past year, significantly outperforming the NIFTY index, which has only risen 1.19% during the same period. In the last month alone, NLC India Ltd's shares have surged by 16.07%, while the Nifty Energy index, of which it is a part, has increased by 5.32%. Despite the positive performance of NLC India Ltd, the overall market is facing pressure, with the NIFTY down 0.39% and the Sensex down 0.44%. The trading volume for NLC India Ltd today was 297.28 lakh shares, compared to a monthly average of 23.09 lakh shares, indicating heightened investor interest. The stock's price-to-earnings (PE) ratio stands at 19.7, based on trailing twelve-month earnings ending December 25.
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The surge in NLC India Ltd's stock price may positively impact investor sentiment and could lead to increased investment in the energy sector.
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