|Date||Tipwala Reco||Time Frame||CMP||Target||Sell Decision|
|24Sep2014||Buy JSW Energy||10 Days||Rs. 77||Rs. 85-90||10% Stoploss, Time frame or Target|
Broad Rationale: After the Supreme Court’s Verdict on Coal block allocation,we understand that JSW Energy could be the key beneficiary. In our view the merchant power rates will rise as other merchant power producers’ coal blocks have been deallocated (JSPL, Monnet, Bhushan). Also JSW Energy got the MoEF nod to double its lignite mining capacity due to which the efficiency at Barmer unit will increase going forward.