CMP: 93

Reliance Power Limited develops, constructs, and operates power projects both domestically and internationally.

Reliance stocks have been out of favor and been dull in the last 3 years. Reliance power looks expensive at a P/E of 83. But, by 2016 its expected to run at full steam. Its runs at a debt of 1554 Crores with cash in hand of 1235 Crores. Revenues have increased from 133 Crores to 532 Crores in the last 5 years. Profits have increased from 95 Crores to 311 Crores in the last 5 years. Its not a consistent or evergreen pick and has fallen heavily since its IPO. But, one can buy and exit at higher levels or hold for very long period for good gains. Keep exposure minimal as there's uncertainty ahead.