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:
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.
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." 
Post a Comment