adani power (Emkay) Earnings downgrade continues; Downgrade to Reduce

Q4 performance impacted by deferred tax - to be a recurring thing; Guiding for slight delay in commissioning, we factor in changes; Maintain cautious view; Cut price target to Rs103/Share
Date Rating Target Price Recommendation Price Broker house
9 May 2011 reduce (from hold) 103 110 Emkay Report

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