Research Report

Mid Cap
17 Feb 2012, 05:03 PM
Adani Power Ltd.
Morgan Stanley
SELL
LONG TERM
Price when Post
85
Target Price
70
Return
-17.6471%
Morgan Stanley on Adabi Power: Sell with a target of 70

Policy announcement reduces stress on Mundra IV & Tiroda I&II projects. Tiroda III and Kawai exposed to imported coal. Policy action on coal does not change this.

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Has UPA-II failed on the economic front?
 
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