Like Power Grid, NTPC: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Power Grid and NTPC are something that we have liked in the past and we continue to like them. NTPC particularly, I think the kind of power that it has got of 45,000 megawatt, it expects to add another 23,500 megawatt over the next few years, the capital expenditure that is expected in this fiscal is close to Rs 31,500 crore which basically means that the regulated equity will go up by 45 percent by FY'17 and 75 percent by FY'18. So, the regulated model which assures it fixed return on equity (RoE) is the regulated model that we probably like." "The state electricity board (SEBs) going through restructuring probably gives them greater amount of demand dynamics. So the SEBs balance sheet probably strengthens the loss as the T&D part comes down and operational efficiencies improve. So, NTPC is something I continue to like within the space itself," he said."We are largely neutral on Lupin at this point in time," he added.