Stock analysts have maintained 'Buy' rating on Reliance Power stock to achieve an intra-day target of Rs 140.

According to them, interested day traders can buy the stock around Rs 35.50 with a stop loss at Rs 133.

Shares of the company, on Tuesday (May 06), closed at Rs 135.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 309.40 and a low of Rs 82 on BSE. Current EPS and P/E of the stock stood at 1.04 & 134.34 respectively.

For the year ended March 2009, Reliance Power has announced a phenomenal growth in its consolidated net profit after tax and minority interest.

During the year, the company's profit increased 2.86 times to Rs 2,445.097 million as against Rs 853.793 million in 2008.

The company's total income during the fiscal grew 2.71 times to Rs 3,603.785 million.

Reliance Power (on April 22) announced that it had tied up Rs 145 billion for the Sasan Ultra Mega Power project in Madhya Pradesh (MP) and around Rs 25.18 billion would come from abroad.

The Sasan power project that will produce 3,960 MW of power after its completion will have a debt equity ratio of 75:25.

Reliance Power, on April 21, stated that Sasan Power, a whooly-owned arm of the company has accomplished financing deals for the 3,960 MW pithead coal based Sasan Ultra Mega Power Project situated at Singrauli region, Madhya Pradesh.