Stay invested in NTPC: Thununguntla

Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one can stay invested in NTPC and whenever get the typical kind of bounce can exit the stock.

Thununguntla told CNBC-TV18, " National Thermal Power Corporation (NTPC) is not one of those stocks which is going to make big multibaggar moves or multibaggar money. It is just typical bond or a typical fixed deposit kind of stock. So I am not expecting much power reforms and power is completely powerless in terms of market fancy. So do not expect much upside, at the same time the stock may not crack down severely as happening with many other midcaps. Just stay invested and then whenever you get the typical kind of bounce you exit, but do not expect much from the stock.”