NTPC OFS at Rs 145 a good buy opportunity: Quant Broking

Abhineet Anand, analyst, Quant Broking, says that over the last one month the stock has corrected from around Rs 165 to the current levels of Rs 150. So, Rs 145 is a good price and it should be easily subscribed.

Below is the edited transcript of his interview to CNBC-TV18.

Q: What is your view with regards to Rs 145. Do you think that there will be enough demand and it will be lapped up easily?

A: I think Rs 145 is a good price considering the fact that it is at 4-4.5 percent discount to the current market price. Also, over the last one month the stock has corrected from around Rs 165 to the current levels of Rs 150. So, Rs 145 is a good price and it should be easily subscribed.

Q: Do you recommend subscription to retail investors at this point or do you just see this as an arbitrage opportunity rather than an investment opportunity that people were talking about earlier?

A: Today's closing price of Rs 150-152 is a very good opportunity for retail investors because NTPC is one of the large players where issues with respect to state electricity boards (SEBs) have not impacted the earnings compared to other private players. Though earnings growth has not been very high but there has not been any negative impact due to coal price or SEBs. So, I would say even for retail players it is a very good buy at these levels.