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Power Stock to be Accumulated for Long Term

Posted By On 8:59 PM Under

NHPC listed with a *% gains on the day of the listing and we had predicted a listing gains of maximum 10%. Actually Indian govt had become greedy while pricing the issue and that is the reason stock traded below its IPO price.

However not to lose heart as this is a good stock for a long term as power sector is the flavour of the day and we really need large amount of power and thus it makes sense to invest in this stock with minimum 1-2 years perspective. One will be able to reap good dividends as a long term investor. Average out the stock as stock can fall till the levels of Rs 26-30 levels where the same can be accumulated.
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