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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
Energy Development Ltd today closed at around Rs.15.80 in the NSE. Good rains whole over India is positive for the company. The company is basically into Hydro and Wind power projects. I am expecting a price of around Rs.21 by the end of this month. 

Today, the stock of P C Jewelers Ltd closed at around Rs.121.60. After breaking Rs.126 on the downside, it might test Rs.95 going forward. The traders should exit the scrip and wait for it to close above Rs.127 to take fresh positions. 

Today the market moved up basically because of RIL which gave a closing at Rs.1,082.35 up 4.19%. The price of US crude oil is rallying after Wednesday’s sharp fall prompted by news that Libya’s National Oil Corporation is reopening four oil export terminals. The recovery was prompted by a report from the US Energy Information Administration that US crude oil inventories fell by 12.6 million barrels in the week to July 6, almost three times the drop expected.



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