Some more momentum upside left in Reliance Power: Seshadri Bharathan, KSEMA Fincon Ltd

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about Reliance Power.

Reliance Power is the top gainer amongst the index counters - 10% odd higher right now. Is there headroom left or is it capped at these levels?

I think there is headroom left because it has got funding of $5 billion from US Exim bank at around 6-6.5% rate of interest for 3-year period. Also, the news of couple of their power projects being included in the Twelfth Plan. Besides, from tomorrow onwards, this stock would get include in MSCI Index. So these are some of the positives for the stock and I think there is some more momentum upside left in the stock.