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    HomeNewsBusinessStocksNomura upgrades Reliance Power to neutral, but cuts price target to Rs 42

    Nomura upgrades Reliance Power to neutral, but cuts price target to Rs 42

    Nomura feels Reliance Power is fairly valued at current levels.

    October 30, 2017 / 10:36 IST
       
       
      26 Aug, 2025 12:21
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      Nomura has upgraded Reliance Power to neutral from reduce but slashed price target to Rs 42 from Rs 45 per share, citing tepid near-term earnings outlook.

      The research house feels the stock is fairly valued at current levels.

      Nomura has reduced earnings per share estimates for the current and next financial year by 33 percent and 22 percent respectively, driven by revised estimates of net finance cost.

      At 10:28 hours IST, the stock price was quoting at Rs 41.05, up Rs 0.45, or 1.11 percent on the BSE.

      first published: Oct 30, 2017 10:36 am

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