Why is RIL going down?
One reason why RIL shares weakened after the AGM was due to disappointment among shareholders regarding the $15 billion Saudi Aramco deal. While Mukesh Ambani said the deal will be closed this year, some shareholders are unhappy that the deal has not been sealed yet.
What was the issue price of Reliance Power?
Reliance Power IPO Details
| IPO Opening Date | Jan 15, 2008 |
|---|---|
| Face Value | ₹10 per equity share |
| IPO Price | ₹405 to ₹450 per equity share |
| Market Lot | 15 Shares |
| Min Order Quantity | 15 Shares |
Is RIL a good buy?
RIL share price strategy – The AVP still considers it a good buy for long term investment view irrespective of an AGM. He said that technical charts suggest that the RIL shares are still poised well to achieve the targets of Rs 2300-2350 which is close to their 52-week high mark at Rs 2369.35.
What are the details of Reliance Power IPO?
The IPO page of Reliance Power Ltd. captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date’s Open Price, High Price, Low Price, Close price and Volume. It also captures the Holding Period Returns and Annual Returns.
The company tried to soothe investors’ nerves by offering bonus shares in 3:5 ratio, but only to make matters worse. Ex-bonus, the issue price of Rs 430 for retail investors turned into Rs 269, and Rs 450 for non-retail was worth just Rs 289.
What makes Reliance Power different from other stocks?
While many stocks might have fallen from grace on Dalal Street, but what sets Reliance Power apart is the strong optimism that surrounded the IPO at the time of its launch. From autowallahs, rickshawallahs, to HNIs and foreign investors, people came in droves to invest in the IPO. Record demat accounts were opened during that period.
Is it safe to invest in Reliance Power?
Big names are no guarantee of big returns, nor the fundamental stock logic that infrastructure is always a safe bet. A decade after a listing that made holes in many investors’ pocket, it’s time to scrub old wounds, but for good, for revisiting the lessons the frenzy-filled infrastructure IPO – Reliance Power — taught us all.
