Accumulate Reliance Power: Prabhudas Lilladher
Prabhudas Lilladher has recommended an accumulate rating on Reliance Power with a target of Rs 181 in its June 26, 2009 report.
“RPower is expected to take a lead in capacity addition amongst the private players in the future. Thus, the company is presently trading at P/BV of 2.8x FY1E as compared to a P/BV of 2.4x of NTPC. We believe that the company’s present valuation does not justify the limited capacity addition currently and the risks associated with UMPP’s.”
“However, we believe that RPower is well positioned for upcoming projects, given the greater thrust on private participation by the Government and RPower’s capability to participate in the same. We rate the stock ‘Accumulate’ and recommend buying on weakness. Target price Rs 181,” says Prabhudas Lilladher’s research report.
source: Moneycontrol
Tags: buy or sell reliance power, buy or sell RPL, nse hot tips, Reliance Power, stock market india tips
Similar Posts:
Latest Query
- by VIJAYA
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
