NTPC has target of Rs 185-190: Ambareesh Baliga

NTPC has one year target of Rs 185-190, says Ambareesh Baliga, Independent Analyst.

Baliga told CNBC-TV18, "One should subscribe NTPC, because if you look at the long-term average and the sort of a discount, which has been given I think the discount is decent and again if you see the last 2-3 weeks it was quoting closer to about Rs 158-163, from there if you calculate the discount it is quite decent."
He further added, "Looking at the sort of expansion, which they have over the next three-four years looking at the performance of NTPC, again looking at the tariff hikes which should be happening I do not see any downside from the levels at which they are offering. I have a price target of about Rs 185-190 for the next year or so. So I would surely subscribe."
The company's trailing 12-month (TTM) EPS was at Rs 11.04 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 13.59. The latest book value of the company is Rs 88.89 per share. At current value, the price-to-book value of the company was 1.69. The dividend yield of the company was 2.67%.