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Jan 08, 2013 12:44 PM IST | Source: Moneycontrol.com

Jaiprakash Power Ventures gains 3% on Credit Suisse report

Jaiprakash Power Ventures rallied as much as 3 percent intraday on Tuesday after the foreign research firm Credit Suisse has upgraded the stock to outperform with a target price of Rs 47.

 
 
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Jaiprakash Power Ventures rallied as much as 3 percent intraday on Tuesday after the foreign research firm Credit Suisse has upgraded the stock to outperform with a target price of Rs 47.


"Recent power procurement bids suggest higher tariffs are being struck," the report reasoned.


The company will consider its un-audited financial results for the quarter ended December 31, 2012 on January 12, 2013.
 
At 12:35 hours IST, the stock rose 0.90 percent to Rs 39.20 amid large volumes.

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