NTPC may be a good defensive bet on earnings growth visibility
ET Intelligence Group: Amid the current volatility in the markets, NTPCNSE 1.32 % could offer a top defensive bet given its better earnings visibility. Analysts expect the company to deliver a double-digit earnings growth in the next two years.
The company’s cheaper valuation and consistent dividend paying record are further seen as contributing factors. At Thursday’s closing price of Rs 129, the stock was traded at 1.2 times the book value which is on a lower side and offers a dividend yield of 5 per cent.
