Houseviews: Brokerages call on NTPC, Fortis Healthcare

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Houseviews: Brokerages call on NTPC, Fortis Healthcare

Enam maintains a ‘hold’ on NTPC. While NTPC has a defensive business model, the structural issue of coal availability is a key overhang. A target price of Rs 171 takes into account a long-term RoE of 22% and long-term growth of 5%.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » NTPC BSE | NSE 29/05/12 Are Mutual Funds betting on NTPC? Other Stocks in this news Tata Power Company | Fortis Healthcare | Petronet LNG Ltd |

Enam maintains a 'hold' on NTPC. While NTPC has a defensive business model, the structural issue of coal availability is a key overhang. A target price of Rs 171 takes into account a long-term RoE of 22% and long-term growth of 5%.

Bank of America Merrill Lynch is neutral on Tata Power . They have cut their target to Rs 1,265 from Rs 1,470 to factor in higher coal costs and a higher interest rate at Mundra UMPP.

Tulsian's view: GTL Infra, Rel Infra, Everonn, Alfa Laval

JP Morgan is neutral on Fortis Healthcare with a target of Rs 160. The company is acquiring Fortis International from the promoters in an all cash deal. Prima facie, they believe that premium valuations for the India-focus business stand to be de-rated.

Goldman Sachs has upgraded Petronet LNG to buy from neutral with a target of Rs 225. Goldman expects greater sustainability of its high margins from increased spot LNG volumes.

Also read: Fortis looking to go to 8-10 verticals in 10-15 countries