21 K insight

Remark My words “we celebrate New Year 2008 by Sensex @ 21000"

Yes once again we have proved that our call on RIL never goes wrong come what it may…? In fact, our CEO has opined that RIL is heading for Rs 10000 in next 3 years which you may see in the Business World edition of 23^rd Nov 2007. In fact, he is the only person who has been fancying RIL stock even since the fighting of AMBANI bandhu and has been advocating RIL buy which has already become Rs 4000 from Rs 500 in less than 3 years. We all love RIL stock and believe that it will cross Rs 10 K standalone.

Almost take entire Indian broking community which had written off market in this vallan at least when it came down to 5700 except we at i Develop. We had a firm belief that market would cross 20000 very smoothly and in next 3 trading sessions it will cross 21000 on the New Year eve for sure and RIL will be the ladder for the same. At least 49 H F’s are sitting in Mumbai alone with 16 bn USD and scouting for opportunities. If this cash is failing to enter good stocks what will happen to fresh allocation….? Don’t you think that Trust selling shares move is the pre curser of excess liquidity….? In my opinion yes, Govt wants the idle money to be rolled into economy and capital expansion should happen and for that this provision.

REL placement is coming at Rs 2500 very shortly and stock is heading for Rs 3800 the valuations which we had worked out and flashed in this section when REL was at Rs 1300. Just watch the stock movement.

RPL the deadline of 28^th is now delayed but for sure commercial production is starting on 16^th March 2008. Depreciation is the key issue for which plant need to start before 31 st March and if that is true then RPL placement will happen in FEB at Rs 330. We are per se bullish on this stock would carry positions till 20^th FEB 2008. This date has some significance but we will not reveal in this forum.

However, it seems the worst in RPL is over and it is now heading for Rs 330 in next 30 to 40 days and for that at least 60 rupees rise must come in JAN alone. All speculators must take a calculated risk of Rs 10 to 15 and go long in RPL which will be a slow mover till Rs 245 thereafter Rs 265 in no time and post that a rise of 20% in one single trading session is not ruled out.

Those who have downgraded RPL saying RIL is a better one on merger scene will come and issue buy report in RPL at Rs 500. Please cut and paste these 2 lines because it had happened in SBI and RIL also and therefore this will happen even this time. You have made me trustworthy so that I can serve you longer and longer with precise vision ahead of time.

The only way to make a man trustworthy
is to trust him.