Does NHPC Limited’s (NSE:NHPC) Weak Fundamentals Mean That The Market Could Correct Its Share Price?
NHPC (NSE:NHPC) has had a great run on the share market with its stock up by a significant 12% over the last month. We, however wanted to have a closer look at its key financial indicators as the markets usually pay for long-term fundamentals, and in this case, they don’t look very promising. Particularly, we will be paying attention to NHPC’s ROE today.
Return on equity or ROE is a key measure used to assess how efficiently a company’s management is utilizing the company’s capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
