NTPC is the largest electricity producer in India. In just concluded quarter NTPC showed good profitability. NTPC wants to add around 23 GW with 1.6 lakh crore investment. The dividend based company market cap is less than $20 bn whereas the growth potential of company is humangous. NTPC bonds demand in the market place is very good. The share price movement on the upside is slow but with the recovery in economy, it is expected that demand will increase which in turn will help NTPC.
Additionally current central government is asking cash rich company to pay hefty dividend as well as buyback. The recommendation is to start accumulate share in small quantity and buy it during market sell off. It's also recommended that one should not play with F&O given the sensex current state and should focus on delivery with minimum 2 to 3 years view.
Please consult your financial advisor before investing
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