NTPC can touch Rs 175: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that NTPC can touch Rs 175. Stocks like Hindalco Industries, Tata Steel, Bank of Baroda and Canara Bank are looks good.

Sukhani told CNBC-TV18, “National Thermal Power Corporation (NTPC) is bottoming out. So from here the trend is on the upside, likely to now see some gains in the stock price. An immediate target in the next two-three months could be Rs 175.”
He further added, “Metal stocks are like to do well. We have Hindalco Industries and Tata Steel both doing well after having seen lows early in the morning and that theme should continue. In the banking space, one can look Bank of Baroda and Canara Bank. These are four stocks for the day primarily because of the themes that are developing here.”