Reliance Securities recommends a sell on NTPC with a target price of Rs 147 and a strict stop loss placed at Rs 154. The stock is trading with a P/E of 12.13 and P/B of 1.52. The stock is looking bullish on the charts.NTPC is a low beta stock (0.78) and is trading well above its 50-day, 100-day and 200-day moving average of Rs 143.48, Rs 135.63 and Rs 133.65, respectively, as per data collated by ETMarkets.com. The stock has gained 4 per cent so far in the calendar year 2016.

Source: Economic Times June 27, 2016 08:45 UTC