JSW Energy: Boost for Merchant Power

DateTipwala RecoTime FrameCMPTargetSell Decision
24Sep2014Buy JSW Energy10 DaysRs. 77Rs. 85-9010% 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.

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