The primary market has seen a lot of wealth destruction in 2011. The initial public offerings (IPOs) like Rushil Decor, Aanjaneya Lifecare and Paramount Printpackaging have shaved off around 80-90%, since they debuted on the bourses. SP Tulsian of sptulsian.com feels all the recent IPOs like PG Electroplast, Rushil Decor, Onelife Capital, Fineotex Chemical and Aanjaneya Lifecare are all very risky stocks.
Talking about the power sector, Tulsian said that all the thermal power plants have been facing a big problem with the feed stocks. "There is a lot of negative perception building up for all the thermal power generation companies and stocks," he added.
Shifting focus to yesterday's Reliance brothers meeting, Tulsian believes Reliance Communications can be the only beneficiary. He also stated that the stock
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