Guys,
May i have an honest opinion.... is it worth collecting Reliance Power while its trading below its IPO price... I mean I'm ready to Hold it for Five years... shld i go ahead and buy ?
It does not matter...how the Mrkt behave henceforth vis-a-vis Reliance,the trust that was put behind Reliance Brand(Particularly DBA) has been eroded atleast for the near future..
Nothing else has contributed in the 2007 rally more than Reliance Flagship companies, anything with Reliance name attached to it sold off like Gold....
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There is no doubt that these companies will eventually pay of the Retail investors in the long run..but at what expense..?? Also one thing has become very clear that there is lot of Manipulation by parties with vested intrest...and in
Developing Economy like India this needs to be curbed,no matter who the players are.
SEBI's role in all this is very questionable.
1) Based on the Management strategies of the Past..MDA's biz acumen is to be rated much higher than ADA's.
2) Please do not miconstrue my post as anything against Reliance grp companies...They still have got more potential to make money for Indian Investor more than anyone else...but I personally do not appreciate the way it is being done...and it goes without saying "Everybody is on his own"
p.s.: Ans to your question ..yes if you want to hold you can definetly hold it for 5 years and the value will appreciate 5 fold...but there are atleast 20 more blue chips which will give more return on your money within three years.
.....LnT,TCS,RIL,Infy,DLF...based on your risk appetite and sector preference you can choose any of them from five year perspective.
