Hold NTPC: Betadpur

Published on Sat, Feb 06, 2010 at 11:25 |  Source : Moneycontrol.com

Updated at Sat, Feb 06, 2010 at 14:09  

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Ashwani Gujral, Technical Analyst

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Technical Analyst, Ashwani Gujral is of the view that one can hold NTPC .

Gujral told CNBC-TV18, "I think it will be much better buying an ETF instead of NTPC because even that moves much more. Once the FPO stock also comes in, it will probably fall to Rs 185 or Rs 190. Broadly range bound and on a bad day Rs 185 and if it does very well and has a good week probably Rs 220-225. We don't see it going past Rs 225 because as the supply increases, it already had problems used to moving one supply increase. I think one can just basically hold on and try to get out at higher prices."

  

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