Unfortunately that company is in this of too big to fail of RBI. One way or another it would be bailed out because if not , whole system will come down.
Reliance fut--
looks like all set for 1150-near 1200 in next few sessions..
s/l bit bigger will look for day trading opportunities on long side. (with smaller stops)
Unfortunately that company is in this of too big to fail of RBI. One way or another it would be bailed out because if not , whole system will come down.
Why use tax payers money to bail out sick companies??? Agree LIC has a stake in IL&FS. But being stake holders, have they been sleeping till sh%$ hits the fan? They should have held the management responsible long ago for having such bad business. 350 odd subsidiaries is joke!!