Instant Value-creation

Today’s increased value of an existing power company, REL, comes from the value that another power company, RPL, which will create value tomorrow!

The stock price of Reliance Energy Ltd. (REL) has gone up from Rs777 to Rs1,852, a 138% rise in less than three months. What has caused this instant value creation? Strangely, it has nothing to do with REL at all. It has everything to do with a...

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