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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Governance · Regulatory Risk Reliance Power: When Legal Clouds Gather Over Market Euphoria ₹20,367 crore attached across the Reliance Anil Ambani Group. A ₹68.2 crore fake bank guarantee at the centre of it. A former CFO in custody for ten months and counting. And a stock that's still down more than half from its 52-week high even after a sharp rally. The market is pricing the turnaround. The Enforcement Directorate is pricing the history. Both can't be right forever. Reliance Power Ltd (₹24.07) has genuinely turned a corner operationally over the past two years — debt reduction, a growing renewable and BESS order pipeline, and periods of sharp investor re-rating. That part of the story is real and deserves credit. But sitting underneath that story is a live,...
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WINNING STROKES: THINK DIFFERENT:
Sensex reached my target of 21, 000 given 7-8 months back. The Samavat 2067 brought cheers to the markets on Friday boosted by spectacular closing of Samavat 2066. Equity benchmarks saw a new all-time high, closing on Friday, led by rate sensitives and commodities related companies' shares. The Sensex and Nifty shut shop above the psychologically important levels - 21000 and 6300 respectively. At that time if I remember correctly, Mr.Rakesh Jhunjhunwala said there is no direction for the markets in the next 3 months time frame. And when I wrote against this, I received a  number of hate mails and a lot of cynics/adversaries, criticized me for that.....now I think this will silence many of them....
My last week's Pick of the Week, CCL Products Ltd at Rs.316.70 touched Rs.334.90 last Friday. I have placed a target of Rs.700 for the scrip. Very soon a report will be placed at SumanSpeaksPlus.
Those who are holding my recommended Patspin Ltd, since a long time, should take this opportunity and exit the counter.
Those who are still holding my recommended ASM Technologies Ltd at Rs.25, should keep holding the same......


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