Sell Reliance Power shares!!

Posted on February 3, 2008
Filed Under IPO news & discussion, Market News & Discussions, Todays Market |

Reliance Power will be listed soon and the share allotment has been done. I think everyone who have got the shares should sell all for the listing gains. The Grey Market Premium has drastically fell to mere 140, as compared to above 400 when the company was open for bidding. Many people may have now got the idea that Reliance Power is nothing but a company of paper contracts, at least till now, and will remain till 2012. Many are now feeling that they have made a mistake by valuating the company so much - read the past article regarding this: Reliance IPO ends in style…did you make a mistake?. The company though looks strong on paper it yet has to face many challenges and only then it can be said a good company. Now the real test of Reliance Power is to show the profits as early as possible. The fall in Grey Market Premium is also due to the fall of Indian Markets recently due to various reasons once of which is global weakness seen in the industry. Try to make listing gains, sell even at rate of 460 and make it fast on listing day because everyone may struggle to make listing gains and Reliance Power share price may fall down significantly after listing. I applied but I didn’t get any shares and my money was returned back to my savings account yesterday. I am so happy:).

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Comments

7 Responses to “Sell Reliance Power shares!!”

  1.   
    Vrushali on February 5th, 2008 2:46 pm

    I applied buy I didnt get the shares. I never thought of selling it. But now I think I need to take some informed decisions about even selling the IPO shares right on the first day. Interesting.. Thanks a lot

  2.   
    Ashok the great! on February 5th, 2008 3:14 pm

    Good information mate. I was confused what to do, but now I am not. Thanks a lot…

  3.   
    Deval on February 10th, 2008 3:07 am

    Reliance Power is Joke and Indian investore are either idiot or stupid…

    Company has nothing to offer except papers……it’s all paper money…nothing has started and god know, when things will roll for “real” power deal…

    Bunch of crooks….in India

    Thanks for real picture.

  4.   
    nihir on February 10th, 2008 11:11 pm

    hai man new in market? dont sell reliance powe first day fd for five years first day target 950

  5.   
    Yogesh on February 12th, 2008 9:04 am

    ANY BODY WILL TELL ME ABOUT RELIANCE POWER BCOZ I M NEW USER IN SHARE MARKET.PLS GUIDE ME

  6.   
    Indian Equity Investment Guide on February 12th, 2008 1:55 pm

    I have already expressed my views about it. The title says it all! Sell Reliance Power shares!! -its just my view. Take decisions sccording to your views.

    Indian Equity Investment Guide.

  7.   
    rtrttr on March 9th, 2009 12:40 am

    Ambani:hi Desai, Could you quickly raise a power IPO, I want 12000 tokas in my account before I am back from holiday..
    Desai:Pardon sir,
    Amboni:I mean 12000 crore..
    Desai:Sure Sir, that’s the best way to get to top without lifting a single brick.. For me one toka sir..
    Amboni:Sure.. Ensure its all done before month end, there are reports world economy is worsening, make hay before sunset..
    Amboni:Also keep spreading news that turbines arrived on time,nation is power hungry etc.. and when price increases
    inject another billion stocks from back door.
    Desai:Haa..If we say , we are exporting power, the stock price may double,,
    Amboni:Good, That would get me another 6000tokas on my next holiday.. Dont disclose the news until all stocks are sold in secondary..
    Desai:Sure, that’ how you got 3000tokas for energy on your last holiday..
    Ambon:Alright, have a meeting with architect now, have plans for my next house to be the tallest building in the world,
    Desai: All the best sir..

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