NTPC remains a market performer, says Dipan Mehta

NTPC remains a market performer, says Dipan Mehta, Member- BSE/ NSE.
 
Mehta told CNBC-TV18, “NTPC is a good utility or company to own. I think performance for the last quarter was quite decent. It is a steady performer, a bit of a defensive. Company will keep on adding a little bit of a capacity every year and I think going forward as some more reforms take place in power and coal sector NTPC will certainly be the beneficiary of that. And valuationwise it is quite attractive.”
 
He further added, “It is a stock, which investors who have a little less appetite for risk and make it part of the core holding and it will act as a defensive and I think remain as a market performer atleast from this point onwards at the price levels it is quoting at.”