Impact of post merger on RNRL


After Merger of RNRL and Reliance Power what are the impacts?

On saturday Reliance natural resources and reliance power have merged .
Both company owned by Anil Ambani's (Anil dhiru bhai ambani group)ADAG group.

On Friday closing The stock price of RNRl and Reliance power was Rs 69 and Rs175 respectively.

As per there merger there swap ration was for 4:1 means fo every 4 shares of RNRL there share holders will get 1 shares of Reliance power.

The market capitalization of RNRL is Rs 10000 crore while of reliance power is Rs40000 crore.

But On Monday opening There was Blood bath in RNRl stocks.

It fall down 27% and price come to Rs 45.50 but it closes at Rs46.30.

Some one may think as this stock has now at its button level so it is right time to buy.
But do not do this mistake All technical and fundamental analysts are suggesting to stay away from this stocks.

as per the senior technical analyst from Angel broking and mitesh thacker
probably this stock is going to make a new low of Rs36 or Rs33.
but due to this merger this may not go this low but it will stay around Rs45-42 so till the final news has not come do not trade with this stock.


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