Tuesday 4 November 2008

NTPC a safe bet: Vijay

Portfolio Manager, PN Vijay is of the view that NTPC is a good bet.

Vijay told CNBC-TV18, "One could probably look cautiously at NTPC; of course it was butchered by the FII based short selling, it was one of the big shorted stock and it seeing a huge short covering in the market last few days. But having said that NTPC valuations are very good and they are at the right placed at the right time. They were hit by high material cost, steel prices etc but that’s probably behind them and the pricing has now been formalised. The power producers are getting nice formula and they are now open to distribution issues, which other distributing electricity companies are. So it is a safe nice bet."

Disclosure: It is safe to assume that analyst may have positions in the above stock/sector.

Source: Moneycontrol

Posted by Harsh at 06:43

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