Considering the growth potential of the sector, key drivers for power companies will be their ability to finance their projects, execute plans on schedule, and secure fuel linkages.
NTPC Ltd emerge as the favourite pick in this sector.Companies with firm fuel linkages and finance tie-ups are fundamentally stronger than others. NTPC aims to raise its capacity to about 50,000MW by adding 22,600MW during the ongoing 11th five-year plan. NTPC is looking very attractive right now and it is a good time to buy. It is expected to test resistance 300-400 rupees (per share) in one year target.
And it has a strong support around 140-150 levels.All oscillators nearing the signal of buying for the long term.The real buy can create exactly above @ 192.
This sector is not for traders, it is for investors with fundamental calls with at least six months to one-year horizon. Investment in shares of power companies can give 20% returns over a one-year horizon.
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