Sumeet Bagadia's top 5 stocks to buy under ₹100 | Sagility, Ujjivan, NTPC Green, Bajaj HFL, JAYNECO; target, stoploss
NTPC secured new business.
· LiveMint Markets
Stock market outlook: Sumeet Bagadia believes the Indian stock market bias has further weakened, as the Nifty 50 index is approaching its near-term support at…
The analysis
NTPC reported ₹100. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.5% on the day at ₹309.00, and has returned -10.4% over three months. It sits 25% below its 52-week high. The power sector has moved -13.4% over the same period, so NTPC is running 3.0 points ahead of its peers.
For NTPC, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Market context
- The company directly in focus is NTPC.
- Sector exposure: Power.
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