reliance infrastructure (Citi) FY11 - A Mixed Bag

Other income/ tax write back boost standalone PAT; Strong EPC guidance for FY12E; Consolidated PAT up 2% YoY; Update on buyback and book value; 22.6mn promoter warrants converted at Rs929/share in FY11; Update on Delhi distribution
Date Rating Target Price Recommendation Price Broker house
30 May 2011 buy 902 557 Citi Report

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