Translate

Monday, February 18, 2008

Reliance Power ADAG announced Bonus…….. gives market relly upside

When we selected R Power at 360 we knew the stock was underperforming by at least 45% due to sheer bear attack and we were not surprised when ADAG announced bonus which saw stock climbing to Rs 420. I think very soon it will cross Rs 450 the IPO price because now the IPO allottee’s generally loyal shareholders of ADAG will stop selling R Power whereas the bears are caught on wrong foot. Short covering is imminent once it crosses IPO price. It is also expected to freeze few takeovers of power plants to reach the 28K MW size sooner than anticipated. ADAG gr is known for this and hence the stock price which was looking very vulnerable at 350 will look smart and rosy at 750 also. Please cut and paste this. R Com was recommended in this column below Rs 200 in June 2006 which then went on Rs 800 plus with lot of value unlocking stories.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Saturday, Jun 14
01:00 CFTC S&P 500 NC Net Positions 1 $-69.4K
01:00 CFTC Oil NC Net Positions 1 168K
01:00 CFTC Gold NC Net Positions 1 $187.9K
01:00 CFTC GBP NC Net Positions 1 £35.2K
01:00 CFTC AUD NC Net Positions 1 $-63.2K
Monday, Jun 16
04:00 Business NZ PSI 2 48.5
04:31 Rightmove House Price Index (MoM) 1 0.6%
04:31 Rightmove House Price Index (YoY) 1 1.2%
12:00 Producer and Import Prices (YoY) 1 -0.5%
12:00 Producer and Import Prices (MoM) 1 0.1%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener