gvk power & infrastructure (JPMorgan) Stretching its goals; downgrade to Neutral

Potential balance sheet and equity dilution risks may limit share price rally. Despite its sharp underperformance, we downgrade GVK to Neutral, with Mar-12 PT of Rs31
Date Rating Target Price Recommendation Price Broker house
18 Apr 2011 neutral (from overweight) 31 (From 53) 28 JPMorgan Report

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