Unmatched Power!!!
Facts:-
1)In April 2006, RPL's share were first offered to public.
2)Reliance Industries Ltd. raises somewhere around 3800 crore by selling its stake in RPL in November 2007.
3)Reliance Power raises around 10,000 crore via IPO in January 2008.
4)Reliance Communication planning to raise funds via private placement.
5)In June 2009,Reliance launches NFO-Reliance Infra Fund which got cleared from shelf in no time.
Movement in Market:-
1)Post RPL listing in 2006 market started to crack and was down about 25% in month time!!!
2)In January 2008 market tops and thereafter the great Free Fall of Market starts!!Before this free fall RIL had selled its some stake in RPL & also had succesfully issued IPO of R-power.
Inferences:-
This could be mere co-incidence that just after Reliance raises money from markets they start to crack.
But there might be substance/little doubt in view that Reliance times the market!!
So there goes one more indicator for forecasting the market movement and its-
Track the Reliance moves!!
Enjoy----No offences meant.
1)In April 2006, RPL's share were first offered to public.
2)Reliance Industries Ltd. raises somewhere around 3800 crore by selling its stake in RPL in November 2007.
3)Reliance Power raises around 10,000 crore via IPO in January 2008.
4)Reliance Communication planning to raise funds via private placement.
5)In June 2009,Reliance launches NFO-Reliance Infra Fund which got cleared from shelf in no time.
Movement in Market:-
1)Post RPL listing in 2006 market started to crack and was down about 25% in month time!!!
2)In January 2008 market tops and thereafter the great Free Fall of Market starts!!Before this free fall RIL had selled its some stake in RPL & also had succesfully issued IPO of R-power.
Inferences:-
This could be mere co-incidence that just after Reliance raises money from markets they start to crack.
But there might be substance/little doubt in view that Reliance times the market!!
So there goes one more indicator for forecasting the market movement and its-
Track the Reliance moves!!
Enjoy----No offences meant.
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