Hold Tata Power Company: Rahul Modi

Rahul Modi of Antique Stock Broking told CNBC-TV18, "At current price, I don’t know there is not much to lose in Tata Power. But sentimentally it is very negative because you don’t know if the state government at any point in time is not able to fund the subsidy due to whatever reasons then who bears the brunt of that. It might come on to the banks, it might come on to the DISCOMs, and so anyone in the value chain can be hit."

"We had a hold rating on Tata Power. We do not have a rating on Reliance Infrastructure, we maintain that. We will not jump the gun, shot and say that we will sell the stock but we will not be very bullish at least till elections are over," he added.