Motilal Oswal has the most bullish view and expects the stock to hit ₹325, translating into a further 21.2% upside from the current price. “Strong results; consensus continues to upgrade,” the firm said in a client note. “Renewables continue to be unreliable with problems either related to availability, costs, storage or safety. As a result, dependence on coal is likely to increase in the near term whether investors prefer the same or not.”
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