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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
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(i) Those who are holding the shares of JSW Energy Ltd (Rs.77) should exit, if the time horizon is for the short term, as the scrip is not going anywhere and could fall to Rs.74-75 once Rs.76 is broken, which is looks more probably than the scrip moving up.

(ii) Take Fresh Positions in Reliance Communications Ltd (Rs.49.20) on the twin news: (a) the announcement of the merger with Aircel could be announced soon (ii) Launch of Reliance Jio is positive for Reliance Communications, while it is negative for Idea Cellular Ltd (Rs.84) and Bharti Airtel Ltd (Rs.309).

 (iii) Accumulate the shares of Unitech Ltd (Rs.5.25) in the dips before the AGM on 12th September, 2016, when the annual report could be presented. Also, the news that the shares of Hindustan Construction Ltd (HCC Ltd) has hit the Upper Circuits today at Rs.33, is positive for the company. 

 (iv) Those who are holding the shares of Reliance Defence Ltd (Rs.64) can increase their holdings as the launch of Reliance Jio Ltd could trigger a price rise in the shares of Anil Ambani group companies. Already, the shares of Reliance Infrastructure Ltd (Rs.597) and Reliance Capital Ltd (Rs.530) are doing well.

 (v) The shares of Shrenuj and Co Ltd (Rs.2.15) are trading very LOW as compared to their intrinsic prices. The market cap of the company at the CMP of Rs.2.15 is only Rs.42.05 crore,  which ridiculous and points how rumours can massacre to the shareholders' wealth. In the same sector, you can also accumulate Gitanjali Gems Ltd at Rs.45.50, as the festive season kicks in from this month. 

(vi) The shares of IVRCL Ltd (Rs.5.20) today touched Rs.5.65, the scrip was recommended some days back around Rs.4.80. 

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