Emkay upbeat on Reliance Power, Tata Steel

Emkay Global Financial Services has come out with its report on various stocks.

August 17, 2011 / 11:27 IST

26 Aug, 2025 12:21

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Emkay Global Financial Services has come out with its report on various stocks.

Reliance Power: Solidity, positive triggers and progress made is being ignored with valuations implying LT merchant rate of Rs 1.3/unit, very safe. We foresee RPL as the most sustainable private utility; upgrade to buy with revised DCF based price target of Rs155/Share (Rs153/Share earlier).

Jubilant FoodWorks: We continue to maintain our positive bias on the robust business model of the company in the strong growth potential of QSR segment in India. Further, we expect JFL to continue its robust earnings growth momentum for next 5-7 years

first published: Aug 17, 2011 11:05 am

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