Exit NTPC around Rs 160-170: Sanjeev Agarwal

One can exit NTPC around Rs 160-170, says Sanjeev Agarwal, CEO, Dynamix Research & Capital Management.

Agarwal told CNBC-TV18, "In NTPC I feel the current downleg maybe coming to an end. So you may see the situation that it may bounce back towards Rs 160-170 and that will be a better area to book profits because as we have been maintaining earlier that the downsides are much more. In 2013, we are seeing a very tough year. So overall, we should see a bounce back in the next 2-3 months towards 5850 where I think one should get around Rs 160-170 level where he/she should exit."
The share touched its 52-week high Rs 175.35 and 52-week low Rs 136.10 on 12 September, 2012 and 21 March, 2013, respectively. Currently, it is trading 18.82 percent below its 52-week high and 4.59 percent above its 52-week low. Market capitalisation stands at Rs 117,374.19 crore.
The company's trailing 12-month (TTM) EPS was at Rs 11.04 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 12.89. The latest book value of the company is Rs 88.89 per share. At current value, the price-to-book value of the company was 1.6. The dividend yield of the company was 2.81 percent.