From March 09 to June 09, REligare increased its holding from 3.25 Lacs shars to approx 5.20 lacs shares. I dont know why but stock with book value of 30 and all time high 240 is available at just 9 . Let us not forget one thing that such company`e own many properties in form of developmnet centres and offices at aroud seven countries abroad. In INdia at Chennai and Banglore, it holds 40,000 sq ft area and office towers as business property. RAlly of IT stocks will promt value buying in such second and third line tocks. Remember that FIIa nd Corpotar people holds more than 40% shares.
I just fewd days back started following and making research about it. I found is ineresting and with little risk , it can be a lottery stock. WE have to take riskk in this market. VEry storng body is holding major chunk of the compnay. They must be having some revival sense in their mind.good luck
i know this can be a multi bagger in the long run..for sure.. infact a 10 bagger..but FII`s dont hold over 20%...and can u plz share the source for the religare info
| NIFTY 
