Hydropower Sector Overview — March 31, 2026
Nepal's Hydropower sector is the largest on NEPSE by the number of listed companies, with over 100 hydro companies publicly traded. On March 31, 2026, the sector showed mixed performance — circuit gainers at the top and notable decliners including RIDI, which paradoxically led the entire market in turnover while posting a price decline.
Top Hydro Gainers — March 31, 2026
| Symbol | Company | LTP (Rs) | Prev Close | Change (%) |
|---|---|---|---|---|
| BJHL | Bhujung Hydropower Limited | 578.60 | 526.00 | +10.00% |
| SKHL | Super Khudi Hydropower Ltd | 483.10 | 439.40 | +10.00% |
| UPPER | Upper Tamakoshi Hydro Ltd | 218.50 | 216.00 | +1.16% |
Top Hydro Losers
| Symbol | Company | LTP (Rs) | Change (%) | Volume |
|---|---|---|---|---|
| RIDI | Ridi Power Company Ltd. | 367.80 | -3.21% | 1,305,100 |
| NHPC | National Hydro Power Co. | 293.00 | -2.66% | 1,080,550 |
| PMHPL | Panchakanya Mai Hydropower | Active | -2.44% | Active |
RIDI — High Turnover, Declining Price
RIDI (Ridi Power Company Ltd.) dominated the entire Nepal stock market on March 31, 2026 with Rs 484.81 million in turnover and 1,305,100 shares traded. Despite this extraordinary activity, the stock's price declined 3.21% to Rs 367.80. This divergence — massive turnover alongside price decline — signals that sellers are actively distributing shares at current price levels.
Hydropower Turnover Leaders
| Symbol | Turnover | Volume | LTP (Rs) |
|---|---|---|---|
| RIDI | Rs 484.81M | 1,305,100 | 367.80 |
| API | Rs 403.86M | 1,143,587 | 358.10 |
| NHPC | High | 1,080,550 | 293.00 |
Hydropower Sector Outlook
Nepal's hydropower sector benefits from the country's vast water resources and growing domestic energy demand. Long-term catalysts include Nepal's power export agreement with India and the gradual commissioning of large projects. Short-term, RIDI and NHPC face selling pressure, while BJHL and SKHL's 10% gains suggest renewed buying in smaller hydro counters. Watch the 370-380 zone for RIDI as a key support level.
FAQs
Which hydro stocks gained most on March 31, 2026?
BJHL and SKHL both hit the 10% upper circuit, closing at Rs 578.60 and Rs 483.10 respectively.
Why did RIDI fall despite high turnover?
RIDI fell 3.21% with Rs 484.81M turnover — indicating strong selling pressure at current levels.
What is BJHL's price on March 31, 2026?
BJHL closed at Rs 578.60, up 10% from previous close of Rs 526.
How many hydropower stocks are on NEPSE?
Over 100 hydropower companies are listed on Nepal Stock Exchange, making it the largest sector.
Is NHPC a good buy after today's decline?
NHPC fell 2.66% to Rs 293. Always conduct your own research before making investment decisions.