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