NTPC has target of Rs 170: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that NTPC has target of Rs 170.

Sukhani told CNBC-TV18, "NTPC is building a base and it broke out of that base. An immediate day trading or a couple of days target could easily be Rs 170 but beyond that it probably has money for people who want to go long in it even as a position trade."
The share touched its 52-week high Rs 190.30 and 52-week low Rs 138.95 on 17 February, 2012 and 16 May, 2012, respectively. Currently, it is trading 13.22% below its 52-week high and 18.86% above its 52-week low. Market capitalisation stands at Rs 136,173.84 crore.
The company's trailing 12-month (TTM) EPS was at Rs 11.04 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 14.96. 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 1.86. The dividend yield of the company was 2.42%.