ICICI Securities Ltd | Retail Equity Research NHPC reported its Q3FY17 results, which were in line with our estimates barring PAT, which was optically below estimates on account of a higher effective tax rate. The company also announced a buyback of 81.13 crore shares at a maximum price of | 32.25/share, which would lead to maximum outflow of | 2616 crore Revenues came in at | 1308 crore, down 10.6% YoY, a tad higher than I-direct estimate of | 1287 crore. Generation is expected to be...