Reliance Power Gained over 20% in its stock price today but was dumped by Axis Trustee Services after the gains.
Reliance power gained over 20 % following its positive results in the Quarterly results but as soon as the news surfaced the price soared from Rs.2.50 to Rs.3.30 with volumes exceeding 12 Cr. seeing the rise and the opportunity.
Axis Trustee Services sold over 1.5 Crore share of Reliance Power at Rs.3.30 per share. It will be interesting to see if the retail investors would see an opportunity in the will the bullishness continue or not.