The news of upcoming IPO of Reliance Power, a 51% subsidary of Reliance Energy has sparked a new interest in this stock. The stock was up 7.9% on Friday and closed at 1205.50. Sudarshan Sukhani is still bullish on this stock from Investment perspective and suggests a target of Rs 2500 for long term investors.
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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