Reliance Power has target of Rs 124.50: Tater

Reliance Power has target of Rs 124.50, says Ashish Tater, Fort Share Broking.

Tater told CNBC-TV18, "Reliance Power is a short from our side. We have downgraded right from Rs 157 levels and whenever we find a shorting opportunity this is one stock we short into the market."
He further added, "If anything would happens to the stock it will happen on Rs 70-80 odd mark which is our target on a long-term perspective. However, we are playing for a day target of Rs 124.50."