Reliance Power may test Rs 76-77: Abhijit Paul

Abhijit Paul of Alphative Advisors told CNBC-TV18, "Reliance Power is trying to do a catch up. I am trying to be a little brave in Reliance Power because I am anticipating an upside breakout in the stock to come in, which can extent the stock further up probably towards Rs 76-77 mark on the upside. One needs to use the stoploss close to Rs 67 mark."

The company's trailing 12-month (TTM) EPS was at Rs 0.78 per share. (Jun, 2013). The stock's price-to-earnings (P/E) ratio was 86.86. The latest book value of the company is Rs 59.98 per share. At current value, the price-to-book value of the company was 1.13.

Disclosure: I have no personal holdings in the stock discussed.