NTPC and NHPC are looking good bets, says Prakash Diwan, Asit C Mehta Investment.
Diwan told CNBC-TV12, "The space that possibly seems to be the most promising at this point in time, given that we are in the cusp of some political reforms and progressive announcement related to reforms would be the power sector."
He further added, "We have already seen some traction happen within the distribution companies here, but my sense is even the power producers, the entire value chain would start getting rerated completely as compared to what it has been for the last 6-12 months, so stock specifically we already seen run ups in Adani Power and Tata Power, but you have the likes of NTPC, NHPC, which is still under rated and I think that's where a lot of value lies and that's what we have been directing our customers. In fact the entire PSU pack apart from power also whether it's part of some of the larger companies that the government is into would start seeing some traction and attractiveness when money starts pouring in from FII and the QFI side."
