Add Reliance Power, says Choksey & Sukhani
Add Reliance Power, says Deven Choksey of KR Choksey Securities.
Choksey told CNBC-TV18, “I see prospects of most of the power stocks going up from financial year 11-12 particularly and the kind of equations that has been set in case of Reliance Power is going to be positive thereafter. So from a prospective of a long term investment on can add into this stock at current levels and can stay invested for three years.”
Buy Reliance Power, says Technical Analyst, Sudarshan Sukhani.
Sukhani told CNBC-TV18, “This is a good time to buy Reliance Power. It has seen the worst and now unless the bear market comes allover in which case it will fall again, the downside is limited.” He further added, “For an investor in three years a number of things would happen. A bubble could be created in power in which case this stock could actually double itself in the next 2-3 years. So for an investor that would be a very attractive buying opportunity at current prices.”
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Category: Broker tips
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