Sharmila Joshi, Head of Equity of Peerless Securities told CNBC-TV18, "The good news for NTPC is ofcourse the fuel supply agreement (FSA) that will be signed. So that one uncertainty will go out of the stock. For the longest time they did not really have an agreement with Coal India and the argument was about the quality of coal. But now that seems to have come to an end."
"Once again we have seen that offer for sale (OFS) kind of play has been out on this stock. I would expect this stock to slowly drift back to Rs 161 or Rs 165 kind of levels, once it is able to put these issues behind it. So for me the stock is a hold," she added. Also Read: Signing FSA with CIL possible as early as Friday: NTPC
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