NTPC would be safe stock to own: Purushottam

According to professional investor Sangeeta Purushottam, NTPC would be a safe stock to own at Rs 145-150 as it has potential to rise 25 percent over a year.
 
Purushottam told CNBC-TV18, “Actually, I am positively inclined towards NTPC primarily on valuations. It is a fairly safe and steady stock as far as performance is concerned. Many of the problems hampering growth could be addressed if the hurdles in the power sector including the pricing of coal are addressed over the next few weeks.”
 
“The valuations are at multi-year lows. So there is a possibility of a positive surprise and the stock has the potential of offering a return of at least 25 percent over a year. So at Rs 145-150, it would be a good, safe stock to own,” Purushottam added.