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Accumulate Reliance Power: Prabhudas Lilladher

Posted on: July 1st 2009 in Brokerage Recommendations.

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 …

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