Hold NTPC, target of Rs 180: Rajesh Agarwal

Rajesh Agarwal, Head of Research of Eastern Financiers told CNBC-TV18, "Considering the fact that NTPC is one of the largest power generator in India with around 39.7 gigawatt of capacity and it contributes around 30 percent of electricity generation in country with whole lot of plans for capacity addition with tariff hikes, FSA, the recent settlement with Coal India, etc this is a good stock to be in."

"In the full year they have shown 28 percent growth in bottomline that is again attractive. In FY14 earnings per share (EPS) we are assuming to be in the range of 18-18.5, so that makes the stock trading at a PE of less than six or seven. So, what we would say is hold on to the stock with a target of Rs 180," he added. Also Read: 69 power plants yet to sign FSA with CIL: CoalMin