Amitabh Chakraborty, President Equity at Religare Securities feels that Reliance Power is a stock that is to be held for a longer period of time purely to play the power sector and the up side in the power sectors in India. To that extent, it’s a long term call.
Chakraborty told CNBC-TV18, “I haven’t seen the grey market premium figures for Reliance Power but I was told, as on Friday, it came down quite drastically. Again it’s too early, everything depends on the market. This is a not something for today or tomorrow. It’s a stock that is to be held for a longer period of time purely to play the power sector and the up side in the power sectors in India and to that extent, it’s along term call. “
He further added, “The listings, grey market calls, those are the sentiments driven by the market. We believe the market will be strong going forward in February ahead of the budget and the listing would be sometime in the middle of that month of February. Obviously the stock would be quite decently listed.
Source: Moneycontrol.com
Monday, January 28, 2008
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