NTPC FPO | Verdict : Invest in NTPC FPO
Follow up public offer of NTPC is for 412,273,220 equity shares of Rs. 10 each at a floor price of Rs. 201 per share and a discount of Rs 5 is available on the same.
NTPC is one of the best defensive play in the Indian power sector considering its position of market leadership, strong balance sheet, high credit rating, efficient operational capabilities and stable cash flows, it is a buy for the time being as it has a fair value of Rs 228 in the present scenario.
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