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Sep 06, 2012, 02.01 PM IST
Shares in JSW Energy rose 2.7%, after Deutsche Bank upgraded it to 'buy' from 'hold' and raised its target price to Rs 55 from Rs 50, citing prospects of higher merchant tariffs, lower coal costs, and better cash flows early next year.
Shares in JSW Energy
The investment bank also said JSW Energy's balance sheet is better managed than peers as its debt/equity ratio stands at 1.5 times versus 3 to 6 times for peers.
Deutsche also find valuations of JSW Energy near all-time lows, despite a 35% compounded growth in earnings and likely return on equity of 10-13%.
May 17 2013, 12:38
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May 17 2013, 12:39
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