See 15-20% upside in NTPC: Atul Badkar

See 15-20% upside in NTPC in next 6-12 months, says Atul Badkar, VP - Institutional Equities - Derivatives Desk, Edelweiss Securities.

Badkar told CNBC-TV18, "Today is the big day for NTPC. We feel that fundamentally we are quite bullish on the stock. So around where it closed yesterday, we do not know exactly where, although it is Rs 145, we think that it can be slightly higher, because there seems to be interest in the stock when you speak to investors and this is not a trading bet for sure. So NTPC is not a high-beta stock where you can go in and come out very quickly.”
He further added, “This is an accumulate on dips. Fundamentally, we are quite bullish on the stock, so irrespective of the Offer For Sale (OFS), I think this stock can be taken from a positional bet. For the next 6-12 months we can easily get about 15-20 percent upside from here."