Power Off. India Off: Reliance Power Continues To Slide

First of all thank god that I sold off the stock yesterday itself. No Profit, No Gain as I sold off for Rs. 435 (I got 17 Shares @ Rs. 430). It was one of the most anticipated IPO in the Indian IPO Market yet it failed to give a premium for investors. Well, maybe its because of investor’s greed. I applied for the IPO only because of its demand I have read that lakhs of demat accounts have been opened just to apply for Reliance Power and many have applied under different names too. It was primarily due to its demand in the grey market where it was trading at a 100% premium.

Now what should investors do to enter Reliance Power? Well, I have seen in CNBC TV18 that Reliance Energy holds 45% Stake in Reliance Power and that is valued at over Rs. 1,512 per share. Hence on seeing that I entered Reliance Energy so that I hold Reliance Power also indirectly.

I highly recommend you to accumulate Reliance Energy Limited! But you must know that I’m not a Technical Analyst or a Smart Investor. In fact I have noticed that some analysts have recommended s SELL on Reliance Energy. So invest only if you have the courage. Happy Investing!