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Reliance Power (Credit Suisse) India Utilities Sector - 1Q12 results preview: Expect a mixed bag |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 21 Jul 2011 | underperform | 126 | 115 | Credit Suisse Report | |
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Reliance Power (Emkay) Reliance Power |
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Captive coal mines to start production by Jun'12 and progressively reach peak production of 65mn MT | Date | Rating | Target Price | Recommendation Price | Broker house | | 1 Jul 2011 | buy | 153 | 116 | Emkay Report | |
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Reliance Power (Emkay) Increasing ‘RELIANCE’; Upgrade to buy |
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Rosa I drive APAT beat; set to earn ROE of 25%; Low tariff bids still seems overhang, but was it foundation of solidity….Low tariff bids still seems overhang, but was it foundation of solidity…. | Date | Rating | Target Price | Recommendation Price | Broker house | | 2 Jun 2011 | buy (from accumulate) | 153 | 120 | Emkay Report | |
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reliance power (CreditSuisse) FY11 results lower than expectations, Sasan delay disappointing |
Weak FY11 results on by domestic coal deficit; zero tax on treasury income surprising; Cut earnings and price target; maintain UNDERPERFORM
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 30 May 2011 |
underperform |
126 (From 129) |
116 |
CreditSuisse Report |
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Reports.DesiStockResearch.com |
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reliance power (JPMorgan) Mar-q strong, but fundamental risks remain: Maintain UW |
4Q results improve with Rosa operating at high PLF combined with a tax benefit; Rosa II (600MW), Butibori (600MW) and Samalkot (2.4GW) inch closer to commissioning. (1) Rosa II; Progress on Chitrangi and Sasan mines; An improvement in funding and execution climate
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 30 May 2011 |
underweight |
90 |
110 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
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Reliance Power (credit suisse) FY11 results lower than expectations, Sasan delay disappointing |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 30 May 2011 | under perform | 126 (from 129) | 116 | credit suisse Report | |
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reliance power (emkay) Guiding for aggressive coal production |
Sasan coal mine to start production by June 2012 and Tilaiya by September 2013; Financial Closure of Chitrangi and Sasan II expected shortly
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 19 Apr 2011 |
accumulate |
157 |
128 |
emkay Report |
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Reports.DesiStockResearch.com |
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reliance power (CreditSuisse) Expensive despite factoring potential upsides |
We maintain our UNDERPERFORM; Litigation relating to use of surplus coal a key risk; The stock looks expensive despite factoring in potential upsides
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 12 Apr 2011 |
underperform |
129 |
130 |
CreditSuisse Report |
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Reports.DesiStockResearch.com |
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reliance power (GoldmanSachs) India: Utilities: NT concerns appear to be priced in |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 22 Feb 2011 |
sell |
91 (from 124) |
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GoldmanSachs Report |
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Reports.DesiStockResearch.com |
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reliance power (emkay) Maintain Accumulate on sustainable business model |
