Go long on NTPC, Power Grid, says Sinha Roy

Gautam Sinha Roy of Motilal Oswal Securities advised taking long call on NTPC and Power Grid. He feels these stocks could be benefited from the Budget.

Sinha Roy told CNBC-TV18, “If you look at from overall perspective then it is best to stick to high quality defensive names given the volatility that we are seeing in market currently. Not only India but global markets across asset classes we are seeing a lot of volatility. That gives me the cue that we should stick to quality at this time.” He further said, “Speaking about the Budget, we should have some expectations around positive cues for the power sector. If you look at that sector it has been a beaten sector and we have couple of good quality names like NTPC and Power Grid, which we are positive on. So, if one has to take a bet then those are the two names one can take a long call on.” “I think NTPC and Power Grid are stocks that could be benefited from the Budget. I am speaking from Budget perspective,” Sinha Roy added.