Sell Reliance Power, says Kamlesh Kotak

Sell Reliance Power, says Kamlesh Kotak, Asian Market Securities.

Kotak told CNBC-TV18, "Sell Reliance Power. It has made a new low yesterday. The company's massive capacity design plans in terms of power generation is expected to go haywire because of series of issues in land acquisition, high borrowing cost of the company and the coal related issues. We see the issues are going to be resolved anytime soon and the stock is breaking to a low of Rs 85."