Anil Ambani Group’s Reliance Pack of Companies Raped on the Bourses by a Ruthless Market on unfavourable developments and rumours !

The CBI arrest yesterday of listed  D B Realty Promoter Shahid Balwa in connection with the ongoing Investigations into the 2G Spectrum Scam triggered off a ruthless sell off in all Anil Ambani Reliance Group of Companies….Why ?…well ,D B Realty Promoted Swan Telecom which was reportedly favoured and  awarded the 2G License at a pittance and within months sold a significant stake at several multiples of what it paid to Etisalat….It is suspected that Swan is just a front for Anil Ambani’s Reliance Communications

Aggravating Problems for Anil Ambani is the fact that his company Reliance Communications was under a special investigation audit by Parakh & Co,a CA Firm from Jaipur….This Firm has appealed yet again to the Ministry that they are being badgered by Reliance Comminication who have used their influence to get Police Agencies to harass them…they yet stand by their report which revealed that Reliance Communication had manipulated accounts and caused a loss to the Exchequer

This Ruthless Rape of Reliance Group Companies of Anil Ambani in a single day’s session should serve as a big red alert for lack of maturity and depth in our Bourses and the scary volatility,based on founded or unfounded developments and rumours, that an Investor or Trader is exposed to even in high profile companies…. 

Retail Investors who were short circuited by their Investment in the Reliance Power IPO in February 2008 at Rs 427.50 and whose  at ex bonus holding cost remains high at Rs 268 + have serious mixed feelings…live in hope and yet curse Anil Ambani for seducing them through some superb hardsell in a high priced IPO

Just observe this Rape today on BSE….These are even in all probability 52 Week Lows on these scrips….ADAG Companies have lodged an official complaint right after market closure to SEBI and the Exchanges that some people have spread baseless rumours to cause the panic fall in their Companies Share Prices….but look at the abnormal burst in Volumes….clearly a huge sell off 

Scrip

LTP

%

High

Low

Volume

2W Avg Q

Reliance   Broadcast Network

62.35

-9.83

69.10

62.25

0.43L

0.46L

Reliance Cap

412.90

-14.05

478.80

388.10

21.23L

4.03L

Reliance Comm

94.85

-14.32

109.75

90.80

60.12L

11.21L

Reliance Infra

534.70

-18.79

666.00

492.85

42.59L

2.94L

Reliance Power

113.15

-8.93

124.00

107.00

32.97L

9.07L

Reliance Media

129.90

-16.11

154.30

122.25

5.66L

1.52L