Cannot exactly comment on the acquisitions BUT check out ALL the acquisitions previously, they all bombed
TISCO - Corus
HINDALCO - Some co I do not remember the name
TELCO - Jaguar
Ones which did not bomb were never in the news, like
IT - Infosys took over 2-4 cos. All small time-medium. No news coverage as such.
Banks - Bank take over, Centurion, PNB merger etc. No Major news coverage as such.
So this one based upon this flimsy ground may bomb.
Suzlon made a smart move and may touch 102-103 levels on Monday provided mkts support.
Also another point I would like to advise is not to go into Puts and Calls with so much volume. Risky. Better, take a Fut Lot.
TISCO - Corus
HINDALCO - Some co I do not remember the name
TELCO - Jaguar
Ones which did not bomb were never in the news, like
IT - Infosys took over 2-4 cos. All small time-medium. No news coverage as such.
Banks - Bank take over, Centurion, PNB merger etc. No Major news coverage as such.
So this one based upon this flimsy ground may bomb.
Suzlon made a smart move and may touch 102-103 levels on Monday provided mkts support.
Also another point I would like to advise is not to go into Puts and Calls with so much volume. Risky. Better, take a Fut Lot.