NTPC a good buy at current levels for long-term investors: Jagannadham Thunuguntla, SMC Global Securities

In a chat with ET Now, Jagannadham Thunuguntla, HoR, SMC Global Securities, shares his views on NTPC, ICICI Bank and the power sector.

ET Now: What do you make of the numbers of NTPC and ICICI Bank that have just been out? with the set of numbers too? What has your reaction been, and what are you advising your clients to do?

Jagannadham, Thunuguntla: I feel any opportunity here is a buying opportunity. I am not talking about these two specific names. I am speaking in general.

To me, every decrease is a buying opportunity. The market has rallied a lot, but I think there is still a long long way to go. Whoever is having a three-year view should use every dip as an opportunity around this levels. NTPC, at thse levels of 140-150, particularly makes sense.

CERC guidelines' overhang may be there, but eventually that should get nullified. Any power sector reforms by the government should give an uptick to the stock.

ICICI Bank has rallied a lot. I feel one can give little bit of breathing time to the stock. Any time whenever the stock dips to reasonable levels, it will provide investors an opportunity to add it back to the portfolio.