Intra Day Buy Call For JSW Energy

Intra Day Buy Call For JSW EnergyStock market analyst Anil Singhvi is of the view that investors can hold JSW Energy Ltd with intra-day target of Rs 142.

According to analyst, the interested investors can hold the stock stop loss of Rs 126.

On July 22, the shares of the company opened at Rs 895 on the Bombay Stock Exchange (BSE).

JSW Energy, which went public in 2009, has allocated an investment worth Rs 8,000 crore in business sections across the power field with plans to add up more than 2,000 MW of generation capacity during the existing financial year.

The company has plans to commission its 1,200 MW facility at Maharashtra's Ratnagiri and 945 MW facility at Barmer in Rajasthan in 2010-11

JSW Energy's Chairman and Managing Director, Sajjan Jindal said that the company is also establishing facilities in Chhatisgarh and West Bengal with an installed capacity of 2,900 MW.

Moreover, JSW Energy has decided to lift up Rs 13,500 crore in debt during 2010.

The loaning amount will fund two coal-based power facilities under development.