Reliance Mutual fund`s infrastructure fund shall collect huge funds for investment in the infrastucture stocks and as such we may see serious buying going into reliance power which in turn shall jack up its stock price to near 240 levels in the short term. Hold your investment in the stock and buying on dip on correction on strong support is strongly recmmended.Even the budget shall have lot of ingredents for power sector making this stock an exciting bet. Third positive trigger for the stock is the recent verdict giving cheap gas to the company shall make its power project on the strong wicket and once its project is completed in 2011 we can see very good and healthy contribution in its bottom line. With cheap energy cost and high sale price of power this stock shall make huge profit in time to come. The fourt trigger its winning of four hydro projects in Arunachal Pradesh shall keep its capex plan on strong growth path.
In a short this stock must be added on dip with long term holding for getting mind blowing capital appreciation in time to come.
Three cheers.
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