BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
JP Morgan downgrades Jaiprakash Power Ventures to neutral
The valuation for the deal to sell two hydroelectric power plants to a consortium led by Abu Dhabi National Energy Co is 30 per cent lower than expected at $616 million. The risk-return tradeoff is no longer attractive. Switch to Tata Power. Target price cut from Rs 25 to Rs 19.