Sell Reliance Power, says Kamlesh Kotak

Sell Reliance Power, says Kamlesh Kotak, Asian Market Securities.
Kotak told CNBC-TV18, "We maintain our sell rating on Reliance Power, with a target price of Rs 85."

The company's trailing 12-month (TTM) EPS was at Rs 0.98 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 92.70. The latest book value of the company is Rs 52.58 per share. At current value, the price-to-book value of the company was 1.73.

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