jaiprakash power ventures (Citi) Buy: FY11 PAT 40% Ahead of Expectations

4QFY11 and FY11 results significantly ahead of expectations; Karcham Wangtoo Unit 1 250MW synchronized to grid on May 13, 2011; Stock unloved; business model unappreciated given concerns; Maintain Buy (1L); one of the better IPPs to own over 2-3 years
Date Rating Target Price Recommendation Price Broker house
16 May 2011 buy 65 47 Citi Report

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