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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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Today's Call
Buy Unitech Ltd at Rs.5.25 for a target of Rs.10. The stock price is connected to J P Associates Ltd -- while the stock of JP Associates has crossed Rs.17, the stock price of Unitech Ltd is still near Rs.5, which looks absurd when according to a report, the construction companies are likely to.get benefited from input tax credit in the GST.

"Unitech has applied for a surrender of 221 acres of land. The matter is still not processed. However, once the land is accepted, we will make an estimate of the due and give them concessions against the debt," CEO, Noida Authority, Amit Mohan Prasad, said.

The Unitech officers when contacted confirmed this transaction. When enquired if this transaction closed their dues with authority, Executive Vice President - Real Estate Development, Unitech Limited Rana Rajesh Kumar confirmed, "Once processed, this will make Unitech DEBT FREE when it comes to Noida authority." 

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