Buy NTPC, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy NTPC.

Sukhani told CNBC-TV18, "NTPC is a breakout candidate. It is making a small base and coming out it. It is similar to Hindalco although Hindalco has better chart. I would be a buyer in NTPC. The important point is that these are news driven stocks, so traders should be aware that if the market suddenly react to any adverse news, which is not expected but anything then they have to get out."
At 09:40 hrs NTPC was quoting at Rs 148.25, down Rs 0.60, or 0.40 percent. It has touched an intraday high of Rs 149.25 and an intraday low of Rs 148.20.
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 13.45. 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 1.67. The dividend yield of the company was 2.69 percent.