Adani Power may go upto Rs 40-45: Nooresh Merani

Nooresh Merani of AMSEC told CNBC-TV18, "I like Adani Power. The stock has given a technical breakout which is a triangle breakout above Rs 36 which gives us an immediate upside of Rs 40-45."

The share touched its 52-week high Rs 70.00 and 52-week low Rs 29.45 on 20 December, 2012 and 05 August, 2013, respectively.
The company's trailing 12-month (TTM) EPS was at Rs -6.96 per share. (Sep, 2013). The latest book value of the company is Rs 17.86 per share. At current value, the price-to-book value of the company was 2.07.