Invest in NTPC, says Rahul Modi

Invest in NTPC, says Rahul Modi, Research Analyst at Antique Stock Broking.

Modi told CNBC-TV18, "NTPC - as per the indicative price at Rs 145, it is an attractive investment opportunity that one is getting the stock at 1.4 times price to book one year forward. That is the historic lows of NTPC that one saw in the 2008 crisis."
 
He further added, "In terms of fundamentals, we see significant change as to what had happened in the last five years as to what is happening in the next three years. In terms of capacity addition, we are seeing 7.7 gigawatt capacity being added in the first three years of this plan as against 5.6 gigawatt added in the last five year plan."