Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

I'm holdig 1300 shares of reliance petroleum and my average price is rs.208/-.now i'm interested in buying reliance power ipo also.will it be a good idea to sell it and invest full in reliance power?

Tags: good idea, rs, average price
Asked by Nevin Ninan, 12 Jan '08 10:17 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (7)

1.

good but power grid, dcw and ttml are better than rel power.
Answered by Piyush Patel, 12 Jan '08 03:56 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Sell 600 shares and invest in Reliance Power
Answered by Narasinga Rao, 12 Jan '08 10:52 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Dear Ninan,
ur ave price for Rel Petro is almost near to CMP. Therefore if you want to sell RPL to subscribe to Rel Power you can do so.
But I have a suggestion. By October this year, Rel Petro will commence operations. It is expected that it will fetch you 300-350 per share.

Also I would like to tell you that if you want to apply in retail portion, even if u go for max limit of 1 lakh, you only need 25000 (25% on application)

So if u dont have any other money, sell Rel Petro partially and subscribe to Rel Power.
Answered by Altaf Rahman, 12 Jan '08 10:34 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

No. hold Rel Petro and invest also in Rel Power.

See http://www.boddunan.com/viewtopic.php?f=17&t=198 about reliance power ipo
Answered by Nagarjun Bodduna, 12 Jan '08 10:24 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

Sell 50% of RPL and invest that money in Reliance power if you have no other option to invest in IPO!
Answered by Ramakrishna Garimella, 12 Jan '08 02:46 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
6.

Having waited for such a long time, this is not the time to exit RPL, there will be good support from Govt. this budget for all oil and refining companies. However, if you are hard pressed, you can sell 125 shares to apply for reliance power IPO as only 25% is required for application. Please remember that you can not sell the shares on the listing day, unless it is fully paid up. you can try, sharetips4u.info for more details.
Answered by Netguru ji, 12 Jan '08 10:37 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
7.

wait till first q result of the compeny u will get good returns
Answered by jayaprakash, 12 Jan '08 10:25 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

Thanks sir!i didnt hav any idea!i am cautious regarding net frnds!anyway thanks again!i am really surprised!nothing could b done 4 it!its internet!bot..more

Answered by Garima Bhatnagar