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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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Simplex Infrastructure got a contract from Mumbai Metro to build a portion from Andheri to Dahisar.

Now Simplex Projects Ltd (Rs.27) also has Raghav Das Mundra as one of the promoters, apart from Lata and Vallabh R Bhansali, the veteran investors. 

The promoters' holding has also increased marginally in June, 2016 quarter.

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