Buy NTPC, says Ambareesh Baliga

According to Ambareesh Baliga, Independent Market Analyst, one may buy NTPC.

Ambareesh Baliga, Independent Market Analyst told CNBC-TV18, "Correction will deepen but I don't see a stock like NTPC  cracking too much further from here. It has not really performed as well as the power stocks in the past couple of months but still it has declined from the levels of Rs 168 to about Rs 143-144. At these levels one can still look at buying but one should keep some money for buying it at slightly lower levels."

"It is very much possible that we could see levels of Rs 132-133 but I don't see it going back to those levels of Rs 110-114 which we saw about 7-8 months back. So, that is one pick for me at these levels," he said.

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