Rel Power listing above Rs 600 could be +ve for mkt 2008-02-06 10:30:36 Source : CNBC-TV18
In an interview with CNBC-TV18, C Jayaram, Kotak Mahindra Bank said that if Reliance Power lists somewhere at Rs 600 and below, then many of those leverage positions are going to lose money and that could be negative. On the flip side, if it lists well above that could be a positive trigger for the market.
Excerpts from CNBC-TV18’s exclusive interview with C Jayaram:
Q: The countdown has begun for a very big listing. What’s your sense of how sentiment is towards a space like power and now what might happen to something as big as Reliance Power, just by way of interest?
A: I think the mood is not entirely positive because there are a lot of investors who have borrowed money and are pretty much leveraged in terms of their applications and the sense at this point of time is that many of them would be lucky to get away with a break-even situation. So the mood is not entirely bright right now. In a sense, that could be next major cue for the market because if it lists somewhere at Rs 600 and below, then many of those leverage positions are going to lose money and that could be negative. On the flip side, if it lists well above that could be a positive trigger for the market.
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Those who have religare account were not able to know the status of their allotment even after furnishing the DPID and Client ID. Now they can know their status on religare site. Login with your credentials and go to IPO page, then go to Allotment details and select the date. You will be able to see your units there. But it shows the unit price fixed at 450 Rupees instead of 430!!!
I apllied for 225 shares (2 Applications) GOT 17 SHARES EACH. But till now not recevied any refund. I hold ICICIDirect account at Bangalore and Gurgaon branch. If any ICICIDirect user got refund please reply
I don't have application no. with me but I have applied for 225 shares and ch. no. 360594 of HDFC bank is cleared on Jan 21, 2008 but I have not received any refund not shares in my demat account. My demat account no. is 1304140002129058
my dp no.is 10365083. my cheque have clear but i could not receive my allotment . my cheque no.221667 . the bank is corporation bank & APPLICATION NO > 56006406.
My application No. is 5 6774550. I have applied 225 shares. Since I have not received refund etc. Kindly intimate status of my application. Thankyou very much Gandhi
plzz...tell me the rules of share transfer ban......in off market....because i have to take a lots of share off market.....plzz give me new sebi rules....is it only ban before listing or after it also......
we are also waiting for refund in ICICI BANK ACCOUNT & HDFC BANK ACCOUNT till date & time. Its assurance for the earlest refund of money are already failed. PATA NAHI KAB RUPYA VAPAS AYEGA. CAN ANY ONE TELL ME FOR THE ABOVE.
ITS TOTTALY SHOCKING NEWSTHAT THOSE PERSONS WHO HAD STOP THEIR PAYMENTS THEY HAVE ALLOTED SHARES & GOT REFUND ALSO IN THEIR SAVING ACCOUNTS. THOSE PERSONS WHOSE CHECK WERE CLEARED FROM THEIR ACCOUNTS HAVE TO SUFFER 4 15- 20 DAYS PROCCES AND ABLE TO SELL THEIR SHARES ON LISTING DAY. WE HAVE TO FILE A CASE AGAINST KARVY,COM