Tata Power, NTPC can outperform if market improves: Deepak Mohoni

In an interview with ET Now, Deepak Mohoni , Director, trendwatchindia.com, shares his trading calls.

What is the call on NHPC ??

It is still in a downtrend. Yesterday was a new low for the stock. The only thing you could say in its favour is that it is not falling that fast. It is down from Rs 34 to Rs 24, which is about 30% fall. Currently, we are in a state where a lot of stocks have gone down 40-50%. So, it is a relatively okay stock but that is certainly not a reason to buy this stock. If you want to go for power stocks in the portfolio, probably the slight relative outperformers at this time appear to be NTPC to some extent and Tata Power. Neither of these is very strong but they are holding out. There seems to be some demand at these levels. So, when market conditions turn favourable, they could well be the outperformers.

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Category: Broker tips