MR greedy and his reliance power,Rnrl,adlabs,reliance capital etc

Share price of Reliance Power has again gained ground to touch its IPO price. It has happened MAINLY and ONLY due to the liberal bonus issue which can never never be justified.Its a shell company has got nothing,no profits,no sales:god knows how they can simply declare a bonus....Previously i guess it never happened in the history of indian stock markets...If cat sits on chair of Tiger, it dont transform into a real Tiger....

If promoters and merchant bankers (globally renowned who perhaps started condering themselves to be Maa-Baap of Indian investors and also Demi-Gods) had any iota of decency and morality left in them (post infliction of never-before-seen levels of losses on investing public), they should have accepted their collective mistakes that they had done wrong-pricing. Instead,promoter roared back with demand to SEBI for enquiry into fall in R Power share price that "it has been engineered by rivals". Firstly, any shareholder of a company (whether he is an ordinary investor or a deemed rival) has a business right to buy anytime and sell anytime any quantity of shares of any listed entity. There is a saying that 'If you are scared of heat, dont enter the kitchen". If Mr Ambani is afraid of selling by rivals, then pl stop plans of further IPOs and should concentrate his energies in getting his companies delisted from stock exchanges(rather than suggesting long term value to investors). Secondly, he is crying wolf when share price of R Power has come down. What about brazen rise in share price of all his group companies and He never complained that rivals were trying to Buy shares of his companies to dethrone him/hostile take-over? Just have a look:

COMPANY S H A R E P R I C E I N 2007

Low High

Reliance Capital 560/ 2925/

Reliance Energy 448/ 2623/

Reliance Capital 560/ 2925/

Adlab 380/ 1940/

RNRL (Rs 5F.V.) 21/ 250/

Had proverbial Third Eye of Lord Shivji had opened which led to such unheard of rise in share prices? Definitely not. There has been hardly any improvement in financial performance of above companies. Rather, above scrips should have been underperformer. Clearly, it was a well organised gameplan to ramp share prices of each listed entity as Group had been planning to raise over 30,000 crs from public in 2008 alone.If share price of R Power had been ruling at 650, IPO of R Infratel would have hit the streets by now. However, 2nd time, God came to the rescue of pitiable state of investors. If Ant was trying to climb the mountain, it has fall sooner or later. SEBI, even if it is willing, may not be able to investigate in brazen manipulation of above companies' share prices as talks do rounds in the market that such manipulations are not possible without collusion of politicians and bureaucrats...