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Can I buy the NHPC at current price for medium-term? Sriram
NHPC (Rs 27.3): This stock does not have sufficient history to enable us to give an opinion on its prospects. The stock recorded a low of Rs 27.6 in May this year. Since the stock has not moved below this support strongly in the recent bout of correction, investors with a greater penchant for risk can accumulate the stock in the band between Rs 26.5 and Rs 28.5 with stop at Rs 26. Medium-term targets for the stock are Rs 31.5 and Rs 34.5.
—Lokeshwarri S K; business line
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