The stock of power generator JSW Energy has gained 45 per cent since January . This seems to have been driven by the sharp 70 per cent jump in profit in the first half of this fiscal — an outcome of easing global coal prices and a stable rupee. Also, JSW Energy’s recent proposal to acquire JP Power Ventures’ 1,391 MW of operational hydro power projects buoyed the stock.
Tuesday, November 25, 2014
Today's Call to the Premium Group Members
Buy JSW Energy Ltd at around Rs.84-87, for a target of Rs.130, in the next 3-6 months. The Hindu Business Line, on 23 November, 2014 wrote:
Meanwhile, two of the TV-chartists gave a buy on the scrip:
(i) Ashwani Gujral: JSW Energy is a 'BUY' call with a target of Rs.95 and a stop loss of Rs.82.
(ii) Sudarshan Sukhani: "JSW Energy has been underperforming but a large base is now almost visible and on the verge of a breakout. It is not just a trade for today, a BTST or trade just for the afternoon, it is also a position trade if you want to build a position. A lot of stocks have run up and this one seems ready to do that run up. There is a lot of potential here."