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Morgan Stanley report premature (4) 17-Jan-08 10:14

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Posted by: Momaya on ( 17-Jan-08 10:14 )
Price : BSE: Rs 2217.90 ( -2.15 % ), NSE: Rs. 2189.95 ( -3.30 % )
Morgan Stanley downgraded REL to underweight just 4 days before the Quarterly results are expected from REL on 17th. Investors need to wait for December results before taking a view on the stock. Publishing report could have been done after December results are publicised. Is it a coincidence that they published negative report at the time when REPL issue is open? I hope REL results prove them absolutely wrong. Our analysis of value of REL gives a positive picture even at the issue price of Rs.450 !

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