RIIL, RIL, RCOM, GMR INFRA, Grey Market Premium

GMR Infrastructure may soon finalise developers for its 45-acre property at New Delhi Airport which could fetch Rs 3000 crore to the company. The company would still be left with 200 acres land at Delhi Airport. This news can see big run up in the stock price of Rs 220 levels. RIIL (reliance infrastructure) as share has potential to touch Rs 2000 mark by Diwali as indicated earlier. Don’t dare to go for profit booking as long term prospects are extremely bullish. Grey Market premiums on Wednesday at 11.30 AM were: Koutons Retail Rs 85-87, Power Grid Rs 32.50-33 , Dhanus Technologies Rs 72-74, Consolidated Construction Rs 185-190, Supreme Infra Rs 60-62, Saamya Biotech Rs 6-7 and Maytas Infra Rs.150-152. Reliance Communications would witness momentum rise in the coming weeks as Rs 100 rise in share price would make its promoter richer by US $ 3.5 billion which is a sizeable amount in valuation race. Share price is tipped to touch Rs 750 mark by Diwali. Market was agog with rumours that RIL may announce bonus shortly. Insiders rule out bonus but say that stock split may be on the cards in the near future.