Brics PCG Research recommends NTPC at Rs 112 with a target price of Rs 148.Amid shortage of gas and consequent underutilisation of its plants, the company has come up with a plan to source the 4 mscmd of gas at full capacity via a daily price discovery model, keeping in mind the volatile crude price conditions in international markets.It hopes to get the same at $7-8 from its regular suppliers visavis the ongoing global price of $10 per unit. Based on FY07 estimates, the fair value of NTPC comes to Rs 148 per share.
