As per the moneycontrol website itself, Reliance Mutual Fund does not have any holding in the company from March to August 2009. SBI Magnum Balanced Fund is the only mf with holding in this company for the last 6 months.
Question of Reliance Mf moving out from the stock has no value as they are not in it in the first place or either moneycontrol website is wrong or Reliance has holding/interests in undisclosed names.
Those friends of mine who responded like this should take trouble to read sp tulsian/s comments published by money control. please take some trouble to read before commenting.
Tulsian told CNBC-TV18, "In Avaya GlobalConnect if open offer goes through which has been demanded by the Reliance Mutual Fund could just be a sweetener because even if I just focus myself on a standalone basis at Rs 190 it is a very good company. Coming on the acceptance ratio I think it could be as high as 60-70% in the company but one needs to take a call. If it happens that way then it will just be a sweetener but even on the fundamental basis on the standalone though the stock is very thinly traded that is the only disadvantage with the company but if you have a 12-24 months perspective I think this is a very good stock at these levels. In fact there is a strong case for the Reliance Mutual Fund to ask for this open offer by the acquirer."
The word "if",12-24 months(not 12-24 days), thin volumes and Rs 190 makes lots of difference.
It is just one week since he made his comment.The stock is still trading around 190 and nothing really lost.
Stock Moved significantly between 125-150 for at least two weeks before showing major break out.Lots of accumulation has happened at that range.
if some one chases a stock after hitting 3 consecutive upper circuts it is a grave mistake.
I have been holding this stock for more than six months(It is in my watch list for more than 3 years) and I am observing and reading everything in this board.
I am not intending to hurt anyone with my words.
One final word is ,one has to make his own decision regarding the investment.No point in blaming others.
If some one can predict stock market very accurately then no one (including me) would keep their money in Banks or mutual funds.
If Reliance mutual fund is so clever then it makes sense to sell our holdings in Avaya and put it in Reliance mutual fund.
the point i made was lost. my point was the inittial 3 UCs from 190 to 217 was based on the buy back news sought by REl MF and if a buy back at 400 inclusive of interest is certain, no one would have sold the stocks at 217. My point was that we should examine whether the news was motivated to jack up the price to enable some body to make q quick exit at higher level. that needs tobe answered. I hold around 5000 shares and i will not sell even if it crosses 250.
Roumours are quite common and some times they will be correct also.Just watch out procter and gamble.Gained 350 Rs in last three trading sessions based on bonus roumours.
The moneycontrol details are wrong.
Checked on the nseindia website, Reliance Growth Fund helds 6.60 % of the company`s share capital as on 30.06.2009.
| NIFTY 
