NTPC can go upto Rs 178-182: Kulkarni

Shardul Kulkarni of Angel Broking is of the view that NTPC can go upto Rs 178-182.

Kulkarni told CNBC-TV18, “I would look to buy National Thermal Power Corporation (NTPC). If you take a three month view and you are willing to hold the stock for three months then NTPC is one candidate wherein there will be significant out performance."
He further added, "The buying range would be around Rs 158-164 and the stop loss would be at Rs 149. I am expecting that over the next 8-12 weeks the stock should move to around Rs 178-182. It’s a long call and people should look at the days on which the market tanks, those are the days on which you should be looking at buying NTPC.”