Infrastructure especially power was considered by investors as the key area to invest in as it was a sector all set to develop. Investor faith in the company was also proved by its historic over-subscription.
Some companies whose IPOs were heavily over subscribed are * Reliance Power * DLF Limited * Rural Electrification Corporation * Indian Bank * etc...
Some reasons are:It was entirely/heavily hyped up. It was oversubscribed by over 15 times and people were crazy about that stockIt was over priced. A company like NTPC that has an existing power production capacity of 20,000 KW is being traded at Rs. 200/- and a new company that is proposing a 25,000 KW power production after 3 years is being offered at Rs. 450/- on an IPOEveryone wanted to make a quick buck. People thought that Reliance power would touch Rs. 800/- on the day of listing and keep going higher and they can sell it to make a hefty profit.The basic logic of the stock market was missed. If everyone wants to sell their shares - a stock price always goes down
they thought that they could over power there because they thought it was a weak spot so they could over power it better then other places.
wHAT??
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for a number of reasons, but most importantly to supply power to your starter and turn your engine over.
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The subscription for the Hauler magazine is free. The Hauler is a container maintenance company and it has been in the business for over 30 years. The Hauler Magazine is mailed to over 14500 subscribers in the US and Canada.
Over The Counter ie you dont need a doctor or subscription
A one year subscription to ESPN magazine cost $29.95 and can be renewed after the one year subscription is over for an additional $29.95, which will cover one more year.
It basically talks about how congress could use it's power over the armies to create a massive army and power of tax to put the nation in debt causing it to fail as reasons to limit the national government power over both.
Your alternator may be bad