The BIG FLOP Listing of Reliance Power

Reliance Power saw a very disappointing listing today. Reliance Power ended with a decline of over 17% on its maiden trading day. At one time, sentiments were extremely positive for the stock (the grey market had put a premium of Rs 400 and the stock was expected to list at around Rs 800). But sentiments were extremely negative and Reliance Power closed at Rs 372 (below its issue price of Rs 450), down 17% on the BSE today.