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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.

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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Jaiprakash Pow stock price

On May 27, 2015, Jaiprakash Power Ventures closed at Rs 7.16, down Rs 0.16, or 2.19 percent. The 52-week high of the share was Rs 26.30 and the 52-week low was Rs 7.05.


The company's trailing 12-month (TTM) EPS was at Rs 0.36 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 19.89. The latest book value of the company is Rs 21.54 per share. At current value, the price-to-book value of the company is 0.33.

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