Sell Reliance Power: Ashish Tater

Sell Reliance Power, says Ashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "Reliance Power is a sell from my side. If I look into the balance sheet of the company, almost 40-45% of the total balance sheet is invested into liquid investment that means that the company has invested 6,000-7,000 crore on the project."

He further added, "The marketcap of the company is trading close to Rs 30,000 crore odd. The target for the day is close to Rs 108.50 but on the longer-term I think the stock might even test Rs 70-80 before anything good happens to the stock in terms of price."