Promoters in Stake Sale Mode as Indices hit new yearly highs:- *Last week RELIANCE raised Rs 3188 Cr from treasury stock sale and yesterday SUZLON, JPASSO and CIPLA sold a combined $531million of stock (nearly Rs 3000 Cr); it seems even promoters are taking advantage on the best rally in Indian stocks since 1991 so why can’t a retail investor? Nifty P/E at 22.61 tells us the best is already seen and most of the good news is built in. And as times are good, all are trying to make hay while sun shines. We have seen a flurry of QIPs and now IPOs have also started, one more RELIANCE group IPO is coming up - RELIANCE INFRATEL. Read more on this :- http://tanmaygopal.blogspot.com/2009/09/promoters-in-stake-sale-mode-as-indices.html *
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