ADAG SCRIPS Surge over 12% to 23% in one day as UPA wins Trust Vote!

Ofcourse all knew this would happen….that the Share Price of all Companies in the Anil Ambani Group will surge if UPA wins the Trust vote…They did and the surge was the result….but what a surge!…Have a look…In fact if you go back to last week prices the surge has been even more spectacular  

 

Scrip

23/7/2008

Closing Price  in Rs

22/7/2008

Closing Price  in Rs

 

% Surge

 

Adlabs

511

435

17

RNRL

91

74

23

Reliance Capital

1346

1179

14

Reliance Communications

526

468

12

Reliance Power

171

143

20

One channel showed Anil Ambani in New Delhi today and  walking from his car to the office of Sanjay Barua ,the advisor to the Prime Minister,Mr Manmohan Singh…Clearly not wasting time here… just one day after the trust vote…surely a meeting arranged by close friend Amar Singh who has been seen to be one of the architects of the UPA win 

Speculation is ripe as to what must have been discussed at the Meeting…it surely was not just a courtesy call !

Want more proof of how markets anticipate potential and significant largesse to be bestowed to Certain Industrial Groups and their Companies ? Clearly establishes the nexus between Industralists and Politicians in Power ?…and the Markets are always Right !

Don’t be surprised if Reliance Capital applies for a Banking License !…after an expected change in policy to allow Industrial Groups too to form a Bank or takeover an existing one

 

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