Reliance: Caution Ahead!
Can u rely of reliance? This is the question many people in the Market are starting to ask. Reliance has always been the stock in limelight, starting from the days of late Dhirubhai Ambani. Then the war between the brothers and excessive marketing made reliance a household name. People started speculating on whether Mukesh Ambani controlled business would be more profitable than ADAG (Anil's Cos) of vice-versa. But it was very shocking to see both brothers doing very well, at least in the stock market.
Fortune Favors the Brave!
Both brothers have consistently featured in the Fortune Magazine list of the richest people in the world. And according to the march 07 figures Mukesh was 12th richest and brother Anil at around 17th. All this changed with the stock market bull run. Now according to times Mukesh is the Fourth richest person in the world with $ 50 billion (Sept figures) just behind Warren Buffet $ 52 billion and Bill gates $ 57 billion and Carlos Slim $ 58 Billion (Aug figures). The combined wealth of the brothers (/family) stands at $ 80 billion, making them the richest family in the world. Amazingly Both brothers achieved this feat (journey beyond $ 1 billion) in only few years after the death of legendary Dhirubhai. Now the challenge for them is to stay in the top spot for a long time, remember Amiz Premji of Wipro, he became 3rd richest and was thrown out of position shortly within months.
Bubble?
I was amazed to see six Reliance companies in the top 10 companies by turnover in the NSE site. When i probed more i found out that earlier this year only two were present in a similar list. (see the chart below or click on the links for more detail on Year ending Mar 07 ; and Sept figures).
The recent surge in Reliance is making me worried about the valuation of these companies and the overall market (bec of high weight age of Reliance in stock market). Just few days ago one of my friend was justifying R Energy's PE of 40! I just couldn't belive that this was a power company. All this makes me believe that Reliance is cooking up something. Or maybe this is just a beginning of another era! This will be the difference between :
Reliance = Rely + alliance and
Reliance = Real + lying + alliance
2 comments:
Hi !.
You may , perhaps curious to know how one can manage to receive high yields .
There is no initial capital needed You may commense earning with as small sum of money as 20-100 dollars.
AimTrust is what you need
The firm incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with affiliates around the world.
Do you want to become a happy investor?
That`s your choice That`s what you desire!
I feel good, I began to get income with the help of this company,
and I invite you to do the same. If it gets down to choose a proper companion utilizes your funds in a right way - that`s AimTrust!.
I make 2G daily, and my first investment was 500 dollars only!
It`s easy to get involved , just click this link http://releqihex.virtue.nu/obokev.html
and lucky you`re! Let`s take this option together to become rich
[B]NZBsRus.com[/B]
Dont Bother With Crawling Downloads With NZB Files You Can Hastily Find High Quality Movies, Games, MP3s, Software and Download Them @ Blazing Speeds
[URL=http://www.nzbsrus.com][B]Usenet Search[/B][/URL]
Post a Comment