NTPC studying CERC draft regulations, says no need to panic

Dec 10, 2013, 06.09 PM IST

The state-run firm's stock crashed 11.9 per cent to Rs 135 in intra-day trade and finally ended 11.26 percent down at Rs 136 on the BSE.

Tags  NTPC, CERC, power

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NTPC studying CERC draft regulations, says no need to panic

The state-run firm's stock crashed 11.9 per cent to Rs 135 in intra-day trade and finally ended 11.26 percent down at Rs 136 on the BSE.

Like this story, share it with millions of investors on M3

NTPC studying CERC draft regulations, says no need to panic

The state-run firm's stock crashed 11.9 per cent to Rs 135 in intra-day trade and finally ended 11.26 percent down at Rs 136 on the BSE.

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Shares of NTPC  today tanked over 11 percent , eroding Rs 14,223 crore from its market value, after experts said that the if the CERC's draft regulations on tariff are implemented, it will have an adverse impact on power companies.  But the NTPC management said that there is no need to panic.

The state-run firm's stock crashed 11.9 per cent to Rs 135 in intra-day trade and finally ended 11.26 percent down at Rs 136 on the BSE. At the NSE, NTPC's stock dipped 11.37 percent to close at Rs 136.

Following the fall in the stock, the market value of NTPC dropped by Rs 14,223 crore to Rs 1,12,138 crore. The scrip was the top loser among the blue-chips on both Sensex and Nifty indices.

CERC has issued draft regulations for tariff determination during FY15-19 applicable for government companies.

Meanwhile the NTPC management added that the company is studying the draft CERC regulations and prima facie finds CERC's proposals to be positive.

(With inputs from PTI)

NTPC stock price

On December 10, 2013, NTPC closed at Rs 136.00, down Rs 17.25, or 11.26 percent. The 52-week high of the share was Rs 167.25 and the 52-week low was Rs 122.65.

The company's trailing 12-month (TTM) EPS was at Rs 14.55 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 9.35. The latest book value of the company is Rs 97.49 per share. At current value, the price-to-book value of the company is 1.40.

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