Shardul Kulkarni of Angel Broking told CNBC-TV18, "In JSW Energy we are looking at a much bigger decline. I see a target of Rs 40 at this point of time, but the stock can fall well below those levels going forward."
"The recommendation would be to sell with a stoploss of Rs 45.50 for an initial target of Rs 40. The stock can move towards Rs 36 over the next 10-15 trading sessions," he said. Also Read: Power stocks rally on CCEA's nod for coal auction norms Disclosure: It is possible that we have positions in the stock discussed and we have recommended them to our clients.
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