Investors with short-term perspective can consider buying the stock of Escorts. From its late 2008 low of around Rs 31, the stock has been on a long-term uptrend forming higher peaks and higher troughs. The Supreme Court ruled in favor of billionaire businessman Mukesh Ambani in a long-running dispute with his brother Anil over the country's largest gas find, effectively giving the government control to set gas prices.
Market cap of Reliance Power fell to Rs 33,579 crore (Rs 335.79 billion) at the end of trade on Friday from Rs 36,886.75 crore (Rs 368.867 billion) on Thursday. This news Definitely effect on Reliance stocks, In Future Mukesh can grab some profit, while Anil face some down stream.
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