NTPC's offer for sale: Should you participate?

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Jitendra Kumar Gupta
Moneycontrol Research

Participating in NTPC’s offer for sale (OFS) could be a sensible decision for retail investors who would be getting an additional 5 percent discount on the cut-off price. The government is offloading 10 percent stake in the company at a floor price of Rs 168 a share, which post discount works out to Rs 159.6 per share for the retail investors.

 Is there value at Rs 159.6?
What is worth nothing is that at the discounted price the valuation works to about 1.2 times its estimated FY18 book value and offers a dividend yield of close to 3.3 percent, which is quite attractive.

Here is a link of full article

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Sonal Jain said…
In this business if you're good, you're right six times out of ten. ypo're never going to be right nine times out of them.
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July 17, 2018 at 2:03 AM
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