rural electrification corp (MotilalOswal) Business outlook healthy; SEB losses an overhang

Incremental lending opportunity of more than Rs8t over FY12-17; Government thrust on reforms, SEB focus to cut losses augur well; NIMs to contract, but would still be healthy at over 4%; Valuations attractive; reiterate Buy
Date Rating Target Price Recommendation Price Broker house
25 May 2011 buy 310 197 MotilalOswal Report

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