Entry Above 69.00 Resistance 87 (on request) Support 60 SL:60 I don't recommend this stock for investment as the numbers are poor with no any sales growth or profit growth. what is the investment idea, searching for an energy stock??? TATAPOWER' is far better than JSWENERGY'. I am afraid the price can eventually reach the grey support line around 45.
Comments
kailasp4u
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All the power companies who invested in capacity additions in 2008 euphoria have completed their projects, depreciation is big part of their P&L. Going forward, depreciation will reduce, profits will increase, utilization will increase if industrial growth increases. Its in sweet spot right now. Lets see! Most should double-triple in next 3-4yrs from these levels!
padiyara
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@kailasp4u, Good point, but finally the growth must start reflecting in quarters, then we can have new hope.