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NTPC slumps after muted quarterly result

Muted Q1 result and weak broad market is taking toll on the NTPC scrip as trading resumed after a long weekend.The PSU firm engaged in generation and sale of electricity reported 5.63% rise in consolidated net profit to Rs 2840.28 crore on 6.9% rise in total income to Rs 26929.85 crore in Q1 June 2019 over Q1 June 2018. The result was announced on Saturday, 10 August 2019. Domestic stock markets were shut on Monday, 12 August 2019 on account of Bakri Id.NTPC group's total installed capacity increased to 55,126 units in Q1 June 2019 as against 53,651 units in Q1 June 2018.The NTPC stock was currently trading 4.66% lower at Rs 115.65. On BSE, 1.02 lakh shares were traded in NTPC counter, compared to a 2-week average of 3.58 lakh shares. It hi.....

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