Buy NTPC With Stop Loss Of Rs 203

Buy NTPC With Stop Loss Of Rs 203Stock market analyst Ashwani Gujral has maintained 'buy' rating on NTPC Limited stock with a target of Rs 235.

According to analyst, the interested investors can buy the stock with stop loss of Rs 203.

As per Mr. Gujral, the said target will be achieved in a period of 2-3 weeks.

The stock of the company, on Sep 27, closed at Rs 214.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 241.70 and a low of Rs 193 on BSE.

Current EPS & P/E ratio stood at 10.16 and 21.48 respectively.

NTPC is making plans to add up capacity at 13% compounded annual growth rate (CAGR) with the aim to produce 75,000 mega watt (MW) by March 2017 and lessen its carbon footprint by raising the contribution of renewable as well as nuclear power in its energy mix and meliorating energy competence of coal-fired facilities.

NTPC said that the projects worth 17,340 mega watts are under execution.

It also started tendering for implementation of another 7,092 mw capacitance.

Projects worth 27,000 mega watts are in opening stages.

While addressing the company's 34th AGM, NTPC chairman Arup Roy Choudhury stated, "With an installed capacity of 32,194 mw, the company is well on course to become a 75,000-mw company by the end of the 12th Plan. NTPC is on a high growth curve to remain the sector-leader and is aiming at capacity addition at 13% CAGR, with a big pipeline of projects."