well reliance has already incurred all costs so its costs will not increase.for the next three to four years this is already a bug plus.if you attended the agm you will know

Plain rubbish. The markets are no calender to raise and fall as predicted. Yes the valuations are stretched. Look at R Com, and its leaning business model. What happens if its spectrum costs are hicked in line with market rates? it has lost 2 MILLION customers in the last count while the industry has lodt 2.5, it tells a story. GET OUT OF RCOM , sooner the better. Manipulators and cheap jacks will try to suck you in, beware.

I would sincerely recommend all investors and traders...look at EPS and book profits after this rally ie/eg if the sbi , sail and others start trading at 23-25x EPS that means we are peaking out and one should book profits or we all remember lehman collapse of 2007. I have been in this market for 1 1/2 decade. Every 7 - 8 years there is a collapse we are in 5 th year and by best guess is 2014-2015 we will see a collapse till then market may rally but lesson is as soon as you hear collapse sell and wait for 1 year you will get all stocks at 10xEPS. Then enter..Enjoy.