HomeNewsBusinessStocksPrefer NTPC, Tata Power, Reliance Power, says Baliga

Prefer NTPC, Tata Power, Reliance Power, says Baliga

Ambareesh Baliga, Market Expert is of the view that one may prefer NTPC, Tata Power and Reliance Power.

December 21, 2015 / 16:48 IST
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Ambareesh Baliga, Market Expert told CNBC-TV18, "If you see the last couple of months, the government focus has been there on the power sector. We have seen some sort of reforms happening there. We have seen the power ancillaries, the sort of order flows in the last seven-eight months has been really excellent because of which we have seen KEC International and KEI Industries moving.""If you are talking of power majors, in fact in the last five to six months, I have been recommending some of them, stocks like NTPC, Tata Power and Reliance Power. I think these are the stocks which can perform going ahead because of the clear focus of the government," he added."The sector which is out of favour, comes back into favour. The move is superb; I think we have seen that in airlines in the last 12 months. Look at where Jet Airways was. I can’t really say a similar thing can play out because these are much largecap stocks, you have many more of them but then even if they move up 50-60 percent from here, it is an extremely good return for a sector which hasn’t performed," he added.

first published: Dec 21, 2015 04:48 pm

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