JSW Energy (JSWEL) reported revenue of Rs25.3bn in 2QFY16; a growth of 12.4% yoy above our estimate on account of increased generation capacity from 3,140MW to 4,531MW due to recent acquisition of Hydro capacity of 1,391MW. EBITDA grew by 17.7% yoy to Rs9.9bn and reported PAT rose by 54.4% yoy to Rs4.7bn. We believe that the growth momentum has started tapering off hence maintain our SELL...