Wednesday, 2 September 2009

NHPC likely to outperform in long term: Amit Khurana

NHPC is likely to outperform the market in the long term, says Amit Khurana, Co-Head - Institutional Equities Head, Research, Mangal Keshav.

Khurana told CNBC-TV18, "At the time of Adani Power I had mentioned that most of the money is coming out for the flipping part. So obviously these are experiences, which will not go down very well with the investors who have funded their positions but I think from a longer-term perspective, I would certainly be very positive on the sector and NHPC is one of those players, which can certainly outperform the markets over a long period of time. I think it is a game of patience and conviction.”

He further added, “NHPC would not be my top buy but I would certainly allocate some part of my portfolio to the stock. I would probably ignore it as a top picks, I think there are other stocks, which would be my preferred picks over there.”

“Somewhere between Rs 32 and Rs 35 is a good level to accumulate this stock but the important thing is that you cannot be trading on these small values in terms of pricing. Stocks fall like 5-10%, essentially you are going to take a call for the next atleast 24-36 months before the capacity start ramping up and that converts into earrings for them. So I think in between the trends one would certainly like to build up positions.”

Source: Moneycontrol

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