Business: Investors deserting stocks linked to power, realty

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posted by worldamazingnews 1562 days ago
BL Research Bureau Patterns in stock price declines on Monday showed that investors dumped stocks that had strong linkages either to the power sector or to realty. The much-anticipated listing of Anil Ambani Group company Reliance Power saw the stock losing 17 per cent relative to its offer price. This had a rub-off effect on power stocks, particularly the power generation companies, which had been sharply re-rated since October on hopes that the listing would set a new valuation benchmark for the sector. http://indian-stock-market-news.blogspot.com/2008/02/investors-deserting-stocks-linked-to.html
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