Stock to buy, June 17 -- Brokerage firm Axis Securities has recommended maharatna PSU stock NTPC as its 'pick of the week', with an upside potential up to 10 per cent.

The brokerage firm has given the target price of Rs.365 as compared to the current market price of Rs.333.

" We believe that with the recent price corrections, the current CMP provides a good entry point. We recommend a BUY rating on the stock with a target price of Rs.365/share, implying an upside of 10% from the CMP," the firm said in a note.

The PSU stock has remained in red in the near-term amid volatile market. NTPC share price saw a sharp decline of over 4 per cent in a month and over 10 per cent in one year. However, the PSU share has given multibagger returns to ...