Accumulate Power Grid, NTPC on dip: Phani Sekhar

Phani Sekhar of Angel Brokings told CNBC-TV18, "Power Grid Corporation of India is a medium to long-term call. Utilities like Power Grid or NTPC represent good opportunities in this chaotic atmosphere simply because one has a situation where the power sector seems, at least for now, cannot go any worse. When one has solid utilities like Power Grid or NTPC where earnings have not really been impacted to the extent that they have been in many other private companies and the business model looks equally strong going forward, the entire demand supply dynamics of power sector have not really gone haywire over the next four-five year time horizon."

"So that is where one has solid utilities, market monopolies like Power Grid which come into play and since valuations are not really demanding, investors with a longer term horizon can actually keep accumulating these stocks on every decline," Sekhar said.