Just look at what nonsense these so called analysts are saying...
looks like they are trying their best to give the stock support...

RPL had also seen a weak listing and the stock had to be held for 1-2 years before it gave good returns, says MB Singh, technical analyst, on Zee Business. Reliance Power is seeing a similar fate and investors knew that the listing would be weak, he says. The company continues to have strong fundamentals and the retail investor can keep a long-term perspective to see good returns, he adds 

Strong fundamentals?? 

No fundamental analyst would have ever imagined that Reliance Power would list below its issue price, says SP Tulsian, Investment Advisor, on CNBC-TV18. HNIs should book their losses at Rs 450 and retailers can wait for two to three days to see where the stock stabilizes at, he advises. Reliance Power is trading at Rs 446, down 1% on the BSE


Retail investors should not think of selling Reliance Power and if they can keep the stock for 12-18 months, this stock could give attractive returns, says Sandeep Shenoy, strategist with Pich Research, on NDTV Profit.

i remember the kamal nath episode...that was just too good. Will try and catch it today evening.

Meanwhile check out what the promoter himself has said about this IPO

With two IPOs – Wockhardt Hospitals and Emaar MGF withdrawing hastily, fingers were pointed at the aggressive pricing of the Reliance Power IPO as the villain. After all, the power generation company has no operating assets. Anil Ambani will have none of it. He argues that, “the fact that the IPO received commitments of nearly Rs7,50,000 crore (US$190 billion) setting several new global records is the greatest testimony that the IPO was attractively priced.”

Doomsayers in the market believe Reliance Power will find it difficult to sustain its IPO price? “This is too narrow a view,” he argues. “To say that nearly 500 sophisticated institutional investors from across the globe, and 5 million retail investors, were all taken in by hype, to an extent that they committed a staggering nearly Rs7,50,000 crore, is an unfair comment on their collective intelligence and understanding.”

On allegations that grey market premiums got Reliance Power such a humungous response, Anil Ambani says: “This is again a coloured view. The lack of depth, and unreliability, of the so-called grey market is well known to all investors,” he says.

source: DNA

Originally posted by vip1 can you update with details, for us poor souls who are in office and cant watch tv Udayan at his best, like the last time he ripped Kamal Nath apart ! I think this will be available in the evening in the video clips on moneycontrol.com. I am currently watching thru Moneycontrol.com no TV needed.

Originally posted by vip1 can you update with details, for us poor souls who are in office and cant watch tv Udayan at his best, like the last time he ripped Kamal Nath apart ! I think this will be available in the evening in the video clips on moneycontrol.com. I am currently watching thru Moneycontrol.com no TV needed.

There is no argument against overvaluation of Reliance Power and one completely agrees with Udayan Mukherjee on that.