Reliance power will be listed on 8th Feb. And for POPA for your kind information Reliance will not be listed in Discount It will be listed with premium of 300 Rs. So enjoy investors.
Absolutely true! Still some downfall left before bottom fishing can be done. Correct approach to current situation is to maintain status quo but exit from those midcap/smallcap stocks which have shown unreasonable rise since aug-sep. Investors who stick to fundamentals and have patience would always benefit from falls.
It was some crash today, leave the gray market premium aside as the market did all the support levels on its way down. I would not be surprised if reliance power lists at 500 - 525 levels. any thoughts ?
History Repeats Itself!! Don't panic. Stock market for retail investors is for long term. When every tom,dick and harry without knowing the full form of IPO enters with intension of making quick buck he burns his hand. So all the long term investors this i sopportunity to buy good stock when market stabilses... for those who made 7-8 applications in Reliance on family names to make neat 50,000-60,000 eat your heart.
The culprit of current fall in Nifty is retail investors who have sneaked in during the last 3 months. I simply dont understand the mad rush for reliance power IPO. I'll term this as the greatest IPO till date, dear retail investors, pause and look whats up for for you? You cannot expect more than 15 shares. If the issue lists @ Rs.700, the profit comes to (700-430)x 15=4050