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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,...
Market Mantra
The Morning Call on Suzlon Ltd at Rs.16.95 saw it rise to Rs.17.10, in the intra-day trade. Suzlon Ltd could touch Rs.18--19.5 today, as the news is too good on all the fronts. I mean both fundamentally and Chartically as INR is appreciating against the USD (reducing the value of FCCBs), Restructuring of the SEBs (DISCOMs), Getting New Orders, seeking 4 months window for FCCB clearance, cut in withholding tax and so on...I shall not be surprised if this time Suzlon Ltd touches Rs.29-30, within the next 30 days...........Buy as much as you can and hold. 
V2 Retail Ltd hit the buyer freeze in the opening trade. I am expecting the share to move to Rs.30-31, in the short term, as the company could now be looking for overseas partners for strategic tie ups. Pantaloon Retail Ltd is also going great, while Koutons Retail Ltd hit another buyer freeze in the opening trade.  
Nifty Futures Ltd reached my target of 5630, in the opening trade. Those who have entered yesterday, taking my call, congratulations to them. 
My recommended Allahabad Bank Ltd at around Rs.134 and then again at around Rs.118-122, touched Rs.147 today.

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