reliance power (JPMorgan) Mar-q strong, but fundamental risks remain: Maintain UW

4Q results improve with Rosa operating at high PLF combined with a tax benefit; Rosa II (600MW), Butibori (600MW) and Samalkot (2.4GW) inch closer to commissioning. (1) Rosa II; Progress on Chitrangi and Sasan mines; An improvement in funding and execution climate
Date Rating Target Price Recommendation Price Broker house
30 May 2011 underweight 90 110 JPMorgan Report

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