Outlook on JSW Energy by Rikesh Vinod Parikh Vice-President Markets Strategy and Product Development -Equities Motilal Oswal Financial Services Ltd.
JSW Energy: Reported numbers were below estimate, however adjusted for if we add back forex loss overall numbers beats estimates. We are positive on the stock as coal prices in international markets are down and majority of power produced by JSW energy on merchant power basis it stands to benefit. Also it is likely to receive price revision at its Rajasthan unit post completion of expansion which will add to its profitability going forward.
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