Finally SEBI approved Reliance Power IPO and it is expected at any time. As a retail investor you can invest upto Rs 100000 and investment in this IPO is highly recommended. This is a golden opportunity for investors who have missed the Reliance Petro IPO. I will add more details on this IPO as and when available.
Power company stocks will go up with the announcement of this IPO and will remain hot till the listing of Reliance Power. Even otherwise, enough steam is left in power company stocks like Power Grid, NTPC, Techno Electric, Bharat Bijlee, easun Reyrole and Transformers and Rectifiers.
My next blog will be about the market prediction for year 2008 and about some of the best buys for year 2008. Stay tuned:)
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