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![](https://photo.tg-me.com/u/cdn4.cdn-telegram.org/file/NQ99__LxucA999t1Y2EhYY6jxujZBCgoWGhDk7ZmKD9zQX2h_cEc8RgwKWoJFwPd7TdNGlrlS5HcgI9aEjDgM15Es4XPu0JuwXLjzGxIl1Hj_e2QyB_96G7oJAgCKd1Nnb0Vhi7I4KXuCF7Cc33jYzyqKHB72qBqQ3eeaHphhGzdY7ZmRgLp_2TSktZ3qifDubOXVn8YBYOdn6W5ER9IfJ_iXxEm9DbJNngCcBiN9WUXOZ7wj2Xvyo-MITQe8suMFYSUwzUZ6Kn2lllCpvFl6tzZJ0pAOpk8G27f_yrk1OHiBGmpFxqHitLXtJaFZk6oRZi-9P9y71UUNn-srb2BcA.jpg)
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However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
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