Jan 21, 2013, 06.21 PM | Source: CNBC-TV18
Ambareesh Baliga, Market Expert advises traders to buy NTPC around Rs 156-157.
Ambareesh Baliga (more)
Market Analyst, Independent | Capital Expertise: Equity - Fundamental ,IPO
Baliga told CNBC-TV18, “NTPC numbers were slightly better than expectation. It has moved again recently well from those Rs 151-152 levels to Rs 165 after the correction."
"One should look at slightly lower levels to pick it up closer to Rs 156-157 because over the next year-year and a half I see levels of about Rs 220-230 for that stock."
On Jan 21, NTPC closed at Rs 161.75, down Rs 2.40, or 1.46%. It has touched an intraday high of Rs 167.25 and an intraday low of Rs 160.80.
It trades 15% below its 52-week high and 16.41% above its 52-week low.
Market capitalisation stands at Rs 133,370.39 crore.
"A meeting of the Board of Directors of the Compan
AUM Capital is bullish on NTPC has recommended buy
PM Modi also laid the foundation stone for setting
"NTPC...signed a Memorandum of Understanding (MoU)
State-run NTPC proposes to set up the first stage