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Indiabulls Power surges; Motilal says 75 pct upside

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Reuters
Last Updated : Sep 19 2014 | 10:40 AM IST

Reuters Market Eye - Indiabulls Power Ltd surges by maximum daily limit of 5 percent.

Motilal Oswal initiates coverage with a "buy" rating and target of 21 rupees.

Cites capacity expansion and "compelling" valuations as key reasons.

(Reporting by Abhishek Vishnoi)

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First Published: Sep 19 2014 | 10:28 AM IST

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