tata power (JPMorgan) 4q results aided by strong coal prices

4Q results in line barring lower taxes; Potential increase in fuel cost for Mundra; Short term PPA signed for Maithon, more visibility on fuel supply; Maintain OW and price target of Rs1,500
Date Rating Target Price Recommendation Price Broker house
20 May 2011 overweight 1500 1250 JPMorgan Report

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