Stock market analyst Ashwani Gujral has maintained 'buy' rating on Reliance Power Ltd stock to achieve a target of Rs 210.

According to analyst, the investors can buy the stock stop loss of Rs 165.

The stock of the company, on July 02, closed at Rs 175.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 181.80 and a low of Rs 137 on BSE.

The boards of Anil Dhirubhai Ambani Group (ADAG) companies -Rel Power and RNRL, on Sunday, sanctioned the amalgamation of the two companies in aound Rs 50,000 crore stock deal, subject to obligatory authorizations.

The amalgamation will ease the routing of gas from Mukesh Ambani's RIL to Rel Power for fueling its power facilities, including the one planned at Dadri.

The boards sanctioned an exchange ratio of one share of R-Power for every 4 shares of RNRL.

Backing up its previous verdict, the US Exim Bank, on July 01, has decided to offer up $600 million in loan guarantees to providers for R-Power`s coal-fired project and a mine in Sasan, Madhya Pradesh.