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Moneycontrol.com >> Message Board >> View Messages >> Reliance Comm
   You are here :     Moneycontrol     MMB    Stocks      Reliance Comm                         Most active discussions of 2006 , 2007 & 2008
DEATH NAIL struck by RELIANCE to RELCOM (1)   06-Jul-08 22:18Tracked by (0)  
Posted by:   sridharan_dusi on ( 06-Jul-08 22:18 )
Price : BSE: Rs 438.20 ( 12.50 % ), NSE: Rs. 436.75 ( 12.07 % )
yes, sir you are right. Somehow the junior Ambani's attempts nowdays is failing to fetch the desired results. It started right from the IPO of Reliance Power. All his stocks till then scaling new high started to plummet and toched new lows. Within a year he has made three complaints to SEBI making allegations againsst some corporates in general and about RIL in particular to institute an enquriy. Apart from all this his political leniance also might have contributed in the negative. At the end of the day he has lost his market capitalisation in hundreds of crores which resulted directly in our losing our value of holdings. Even if the market improves in the near future the ADAG stocks may take much time to gain their earlier pinnacle.
Sridharan

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negative outlook
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