Wednesday, May 10, 2006

Market | At what price will Reliance Petroleum list tomorrow?

The biggest question everywhere around..."At what price will Reliance Petroleum list tomorrow?" will be answered tomorrow!!
The following article details a bit...

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Reliance Petroleum created history with its IPO and now it will be listing on the bourses on May 11, 2006 on the BSE and NSE.

The issue was made to part finance the Rs 27,000 crore (Rs 270 billion) export-oriented refinery being set up in a special economic zone, SEZ, at Jamnagar in Gujarat. The export-oriented refinery will have a capacity to process 5,80,000 barrels per day making it the sixth largest refinery in the world. As a part of this project, RPL is also setting up a 900,000 tonne per annum polypropylene plant. The project is likely to go on stream by December 2008.

Moneycontrol spoke to experts on the latest offering from the Reliance stable and its future prospects.

RS Iyer of KR Choksey is expecting Reliance Petroleum to list above Rs 95. He believes that it will stabilize between the Rs 75-80 range.

An investor should wait for atleast six months and gauge its future prospects before taking a decision on whether to hold or sell.



Read the complete article here
Courtesy: Moneycontrol.com

Tuesday, May 09, 2006

Mutual Funds ranking for the year

Hello
Following links might help you with choosing Mutual Funds
 
Kanuj


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Wednesday, May 03, 2006

Reliance Petroleum IPO Allotment

Following is the link for the allotment status check for Reliance Petroleum IPO
http://karisma.karvy.com/jsp/Ipo_Status.jsp?
Just enter your application number and select the company name.
According to the general information, the retail investors who have applied for 1600 shares have received confirmed allotment of 116 shares.