PSU power stock under Rs 100 forms 'higher bottom' structure; BUY?

Shares of the state-owned hydropower generation company NHPC have been marching northward on the bourses on Monday. The company's stock opened with gains at Rs 93.32 on the BSE and surged to its intra-day high of Rs 94.40. At around 1:46 PM, the NHPC stock quoted at Rs 93.93, up 1.50 per cent on the BSE.