Every one was expecting this listing, but it proved to be a damp squib. Reliance Power listed today and tanked 20% from its issue price. Bye bye dreams of Rs. 400.00 premium.
The subtext was even more interesting. CNBC TV 18 was very negative on the issue from day 1, NDTV Profit tried to prop up the sentiment- as late as today morning they were predicting a listing of Rs. 575-600.00. You can draw your own conclusion on the reasons why each channel was having a divergent view.