The index of the hydropower subgroup which declined on Thursday is witnessing a dip on Tuesday as well. Most of the companies which are being traded today have declined on negative circuit levels.
By 2 pm on Tuesday, the stock price of more than 11 hydropower companies has fallen up to circuit level. Out of them, the stock price of Aankhu Khola, Joshi Hydropower, Khanikhola Hydropower, Union Hydropower and RuRu Hydropower has declined the highest.
The sub-group index also declined by 4.86 percent to 3568.93 points.
Prior to the statement of the commission, the stock price of hydropower companies had skyrocketed. Moreover, as the companies were opting for the right issue, investors were attracted toward the group.
However, the commission suggested investors to commit in-depth studies before investing in hydropower companies' stock. It also clarified that the regulator is yet to approve the right issue of the companies. From then on, the stock price of hydropower companies is in a downturn.
