Hi mpreddy77...Country Club is the only chart I have ever seen that goes up or down by 5% each time, its circuit break limit. The minimum volume registered is 100, and the maximum about 20,000. For a whole month it has risen session after session with no correction.
I would have no way of looking into the fundaments here, but I would personally only invest in a well known, high liquidity counter that has a broad based participation. There could be a handful of people operating the price here. This is all I can say.
Hi Narendra...How long you'd like to stay in NTPC depends on you alone. At present it is bullish and looks to be heading to 105-110 in the short term. It appears to be a favourite with day traders who operate within a 2-3 rupee band every day, to explain the massive daily volume.
As such, being a profit making PSU, it is always going to be slow and steady with periodic news driven spikes. At some point when it begins a sideward move on decreased volumes, you can pull out and re-enter at trending signs again.
Being a power generating unit, it is likely to remain one of the central players amongst the core infrastructure club, given the renewed commitment to infrastructure development made by the govt. Also, it was recently made one of the constituents of the SENSEX, replacing Hindustan Petroleum.
Where it will be in one or two years is beyond me. In early Nov. last year it was at about 75. Through ups and downs, it has reached the current levels, an increase of about 30% in nine months. This is not to say that the momentum will remain constant. It may pick up pace or lose it too, as any scrip will. On the other hand, its unlikely to grow like say, Bharti, one of the scrips in your portfolio.
So, seek the balance within your portfolio and decide accordingly. NTPC will surely remain a defencive buy in my estimation.
Hope this helps.
