I am tracking Reliance Capital, since 2007. I love the way this stock went up to Rs. 2859. But during recession it touched Rs.273. Now the current closing price on 12th March’2010 is Rs.794. I am looking to buy this stock for long term(2-3 years) prospective. Some reasons, by which I think that this stock would go up are –
1-This is the flag ship stock of Anil Ambani Group
2-After recent proposal by the Finance Minister in the 2010-Budget that Govt. will open up banking sector for more pvt. banks. Would benefit RelCap; which already has plans to venture into retail banking.
3-RelCap is planning to list its life and general insurance business

4-Big plans for Big Cinemas and Big films (tie-up with Hollywood directors and stars)
5-Largest Mutual Fund Asset Management Company

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