SBI, NTPC shares-expert reveals where you should invest in today's market
Anand Tandon, Founding Partner at Gryffon Advisors LLP recommends buying shares in the power generation sector and public sector banks. He says SBI and NTPC should be brought with a 1-2 year view
Which sectors are best suited for investors to put their money in? Which stocks could give optimum returns considering the current state of the markets? The question is critical for investors. Zee Business expert Anand Tandon, Founding Partner at Gryffon Advisors LLP reveals that the investors can invest in two ways. One is investing where there is already momentum. Another way is to look at the sectors which are doing well. The investors can look at the shares who may not do too well till now but the sectors these stocks come from if these sectors are picking up or are already gathering strong momentum.
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Tandon said that public sector banks, especially the State Bank of India (SBI) are stocks that the investors can look for. He said that it is good to buy stocks whose prices are falling. He, however, said that the investors should take a longterm view of the stocks. In the longer run, stocks like SBI could give a good return, he said.
Tandon said that power is one sector where the investors can look to invest. He said NTPC which has just announced its results has had decent third quarterly results. The government has begun work on bringing changes in the PPAs (Power Purchase Agreement). This will likely have a good effect on power generation and the companies who were not generating enough power will begin generation.
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He said that SBI could also benefit from the resolution of cases pending in the National Company Law Tribunal (NCLT) as the bank expects two big cases to get resolved in this quarter. He said that even if one gets resolved, the result will likely benefit the SBI in terms of earnings.
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