NTPC can touch Rs 180: Sukhani

NTPC can touch Rs 180, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "NTPC had a decent rally and then a very sharp correction. There is something going on broadly in PSUs which is why PSU banks are also coming on the forefront and Coal India was coming earlier."
He further added, "NTPC seems suggesting that at Rs 140 the lows have been made for the stock. It’s already made a pattern of higher highs-higher lows. Yesterday it had shown some gains and the patterns that one has seen for the last four-five days suggests a strong and sharp rally to Rs 160- 165 immediately and Rs 180 in the slightly longer-term."
The company's trailing 12-month (TTM) EPS was at Rs 11.04 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 14.02. The latest book value of the company is Rs 94.12 per share. At current value, the price-to-book value of the company was 1.64. The dividend yield of the company was 2.45%.