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JSW Energy (Citi) Hold: Near-Term Uncertainties Continue |
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1QFY12 impacted by plant shutdown;Revenues in line, results boosted by operating income;Near-Term Uncertainties Continue;TP cut to Rs77;FY12/FY13 earnings revision; Maintain Ho | Date | Rating | Target Price | Recommendation Price | Broker house | | 21 Jul 2011 | hold | 77 (from 92) | 71 | Citi Report | |
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JSW Energy (Emkay) Barmer under-recoveries impacted performance |
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Barmer underecoveries increase impacted overall performance;Downside risk to our FY12E merchant realizations remains | Date | Rating | Target Price | Recommendation Price | Broker house | | 21 Jul 2011 | reduce | 74 | 71 | Emkay Report | |
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jsw energy (Emkay) Fuel and realization risk remains; Maintain Reduce |
Higher realization boosts revenues; margins impacted by higher fuel cost; Downside risk to our FY12E merchant realizations remains
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 29 Apr 2011 |
reduce |
78 |
75 |
Emkay Report |
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jsw energy (Citi) Hold: Execution On Track But Near-term Uncertainties Continue |
Maintain Hold (now at Medium Risk), TP cut to Rs92 (from Rs135); EPS cut 47-59% over FY11E-FY13E; Dependence on imported coal may have silver linings too
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 7 Apr 2011 |
hold |
92 (from 135) |
83 |
Citi Report |
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Reports.DesiStockResearch.com |
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jsw energy (GoldmanSachs) India: Utilities: NT concerns appear to be priced in |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 22 Feb 2011 |
neutral |
80 (from 96) |
-- |
GoldmanSachs Report |
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Reports.DesiStockResearch.com |
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jsw energy (JPMorgan) Exposed to rising imported coal prices, pushbacks in execution |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 11 Feb 2011 |
neutral |
67 (from 93) |
70 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
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jsw energy (GoldmanSachs) Acquisition benefits are long dated; exposure to spot coal still high |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 24 Jan 2011 |
neutral |
96 |
87 |
GoldmanSachs Report |
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Reports.DesiStockResearch.com |
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jsw energy (JPMorgan) Higher fuel costs and execution delays result in earnings cut |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 21 Jan 2011 |
neutral |
93 (from 116) |
88 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 19 Jan 2011 |
n |
116 |
87 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
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jsw energy (GoldmanSachs) Underperformance, potential de-risking of model; up to Neutral |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 14 Jan 2011 |
neutral (from sell) |
97 |
92 |
GoldmanSachs Report |
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Reports.DesiStockResearch.com |
