Buy Reliance Power With Target Of Rs 210

Buy Reliance Power With Target Of Rs 210Stock market analyst Ashwani Gujral has maintained 'buy' rating on Reliance Power Ltd stock to achieve a short term target of Rs 210.

According to analyst, the investors can hold the stock with stop loss of Rs 160.

Today, the stock of the company opened at Rs 493.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 181.80 and a low of Rs 137 on BSE.

Reliance Power Ltd, on June 17, declared that 300 MW - Unit II of Rosa Power Project has been productively synchronized to the UP State Grid on June 15, 2010 and has started the generation of power.

On June 10, Reliance Power announced that it has purchased 3 coal mines from Indonesia's Sugico Group with joint reserves of two billion tons, as Indian firms carry on their worldwide hunt for commodities to power a flourishing economic system.

The acquirement--done through its Reliance Coal Resources Ltd. division--will assist the Indian power maker feed its ultra mega power facility situated at Krishnapatnam in southern India.

Reliance Power Ltd, a part of the Reliance ADA group, is the country's biggest business house.

The group consists of companies in the telecom, financial services, media and entertainment, infrastructure and energy segmentrs.

The energy sector firms comprise Reliance Infra, RNRL, Reliance Energy Transmission, Reliance Energy Trading and Reliance Power Ltd.