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Hold NTPC, target of Rs 212: Indiabulls Securities
Posted on: July 10th, 2009 and is filed under Brokerage Recommendations.
Indiabulls Securities Research has recommended a hold rating on NTPC with a target of Rs 212 in its July 7, 2009 report.
“NTPC’s stock is currently trading at a forward P/E of 18x and 15.4x for FY10E and FY11E, respectively. For our DCF based valuation we have assumed a 14% cap on ROE from 2015 onwards, a WACC of 11.5% and a terminal growth rate of 5%. Based on these assumptions, we have arrived at a target price of Rs 212, which implies a potential upside of 10% from the CMP of Rs 193. We thus, downgrade our rating from Buy to Hold for the Company’s stock,” says Indiabulls Securities’ research report.
source: Moneycontrol
Tags: hot stocks, indiabulls security, NSE Tips, NTPC buy or sell, ntpc buy sell calls
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