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Reliance Industries
BUY JM FINANCIAL
Posted by :
GuestTracked by: 0 Boarder
Exit from this counter and buy JM Financial. The company has offered 1:1 bonus share and stock split and record date is 15th Sep. The company has posted a profit of 400%. Buy before it start hitting upper circuits. PE is just at 2. unbelievable....
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Govt may ease Norms & Rules for RIL
Posted by : rvk41Tracked by: 0 Boarder
Faced with unprecedented growth in demand for diesel, the government is mulling easing norms to allow Reliance Industries' export-oriented refinery to the feed domestic market and charging more from power and industrial consumers of the fuel.
"During the first four months, diesel demand has grown at 18 per cent," Indian Oil Corp Chairman Sarthak Behuria said.
This unprecedented demand growth has seen domestic output fall short of the requirement and a total of 4.14 million tons of diesel may be required to be imported in 2008-09. Of this 1.267 million tons has been imported in April-July.
Behuria said the shortfall can be met from the Jamnagar refinery of Reliance Industries but the Government has to amend present laws to avoid double taxation. The Jamnagar refinery is an Export Oriented Unit and will have to first pay customs and then excise duty on the product, besides income tax on its profits when it sells fuel in the domestic tariff area (DTA). Customs and excise would total to over Rs 9 per litre of diesel.
It is being examined if sales made by Reliance in the DTA can be given a deemed export status and the company continues to get income tax waiver. A similar arrangement has been worked out for LPG, where RILs sales to PSU oil companies in the DTA are considered to be deemed exports, he said adding a note for consideration of the Government will be sent for the purpose.
Behuria said while transport and agriculture demand for diesel had grown by 10-12 per cent, consumption by power producers and other industries had risen 30 per cent. "We are examining if other industries should be priced at higher rates (than diesel sold through petrol pumps
For information,with regards
rvk41...
Reliance may not fall below 1700 in 2008
Posted by :
diliphmTracked by: 1 Boarder
A strange thing was happening today. In many stocks like RIL, ICICI Bank,SBI,Larsen and Toubro, there were more Bids (buy Orders) than Offers Sell Orders). Yet prices were going down or not moving throughout the day. only in last 15 minutes Short Sellers woke up to the game played by FIIs and their local agent brokers....
In reply to:
Reliance may not fall below 1700 in 2008
Posted by :
bhusbhac
Monsoon the biggest trigger!
I forgot to mention that the way it has been raining in Bangalore and all over Karnataka seems to me that the MET Department was quite correct in their assessment of the monsoons this year. Although there has been a delay it does seem that monsoons will more than make up ground.
Please do take this into account as well and then come to locgical decision and take your call. FIIs are certainly watching from behind the scenes. 
Reliance may not fall below 1700 in 2008
Posted by : bhusbhacTracked by: 1 Boarder
Monsoon the biggest trigger!
I forgot to mention that the way it has been raining in Bangalore and all over Karnataka seems to me that the MET Department was quite correct in their assessment of the monsoons this year. Although there has been a delay it does seem that monsoons will more than make up ground.
Please do take this into account as well and then come to locgical decision and take your call. FIIs are certainly watching from behind the scenes....
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : bhusbhac
Dear Marketman - Please reconsider! I understand that in todays market one needs a lot of guts to buy stocks and go long on the NIFTY. However as it happened today the way the market went up in the last 15 mins indicates that market will soon become bullish since normally it is the FIIs who do this in the last minutes of trade. The negatives are inflation which should go down gradually in due course, signs of slowdown in growth which will also bounce back for sure, the Indian Rupee depreciating against the US Dollars and once a point is reached FII funds will start inflowing which will appreciate the Rupee and bring down inflation and balance of payment problems and this also should be happening very soon. The biggest problem is that there is a Global slowdown and we may have growth only in the Emerging markets led by China and India after the nominal slowdown we are facing due to inflation and high interest rates and the day this reverses not many will be the wiser for having gone long.
The positive triggers are that crude is getting bearish, the PE multiples are around 12 against the longterm average of 14 as we are heading for the Q2 results in October (around Diwali) and this time around the Mahurat Trading should be positive, RIL is racing ahead towards its development in natural gas.
There is no reason why FII inflows should not start very soon and they are not going to sound a warning bell for all to hear!
I think an immediate appreciation to NIFTY (before 30th September, 2008) at 5000 - 5100 and RELIANCE at 2600 to 2700 is well on the cards and the last 15 mins today indicates a possible bull market rally (or if you call it a bear market rally yet again) might very well start from tomorrow!
I am concentrating on the last 15 mins of trade today to ask you to reconsider your bearishness. There is not one single bearish expert who advises going SHORT from this point at least!
Reliance may not fall below 1700 in 2008
Posted by : bhusbhacTracked by: 1 Boarder
Dear Marketman - Please reconsider! I understand that in todays market one needs a lot of guts to buy stocks and go long on the NIFTY. However as it happened today the way the market went up in the last 15 mins indicates that market will soon become bullish since normally it is the FIIs who do this in the last minutes of trade. The negatives are inflation which should go down gradually in due course, signs of slowdown in growth which will also bounce back for sure, the Indian Rupee depreciating against the US Dollars and once a point is reached FII funds will start inflowing which will appreciate the Rupee and bring down inflation and balance of payment problems and this also should be happening very soon. The biggest problem is that there is a Global slowdown and we may have growth only in the Emerging markets led by China and India after the nominal slowdown we are facing due to inflation and high interest rates and the day this reverses not many will be the wiser for having gone long.
The positive triggers are that crude is getting bearish, the PE multiples are around 12 against the longterm average of 14 as we are heading for the Q2 results in October (around Diwali) and this time around the Mahurat Trading should be positive, RIL is racing ahead towards its development in natural gas.
There is no reason why FII inflows should not start very soon and they are not going to sound a warning bell for all to hear!
I think an immediate appreciation to NIFTY (before 30th September, 2008) at 5000 - 5100 and RELIANCE at 2600 to 2700 is well on the cards and the last 15 mins today indicates a possible bull market rally (or if you call it a bear market rally yet again) might very well start from tomorrow!
I am concentrating on the last 15 mins of trade today to ask you to reconsider your bearishness. There is not one single bearish expert who advises going SHORT from this point at least!
...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : marketman
Dear bhus, i am bearish at the moment with bullish undertone,in this counter....
www.multibaggerstockadvisor.blogspot.com
Posted by : GuestTracked by: 0 Boarder
i certify him to be ratan bhushan after receiving his remarkable advice ...
Gas----- RIL Vs ADAG
Posted by : sagarmksinghTracked by: 0 Boarder
Thanks GV.
I dont thinks the demand of ADAG is wrong. Anil's demand is genuine.
As far Govt is concern, it has given many natural resources to pvt company at long term lease. For example, TISCo is enjoying its raw material at soil price.
Does not its govt resposiblity to revise it earler contact to get atleast five years back market price of that natural resources if not at current market price.
regard,
MKSingh...
In reply to:
Gas----- RIL Vs ADAG
Posted by : gv
Hi,
The price of natural gas is increased considerably,
How ADAG group is expecting RIL to sell the them at the throw away price?
If the price of gas is so low,the tax realization by the govt also will be low
The gas is not a private matter between RIL and ADAG
Govt already subsidizing cooking gas to domestic users and also on pet products
The fundamental question--Why ADAG should get subsidy in different form?
It defies the logic of natural justice
ADAG taking support of Amarsing for these back door deals
So the question ,What ADAG is doing in return for Amarsing?Pure friendship?
I don't believe
If the pricing is not done properly discovered one can be sure of a CBI inquiry
by future govt
PLs read this post on gas economy
QUOTE
\"Liquefied natural gas prices in Asia may climb about 80 percent this year as new projects get delayed and countries from Indonesia to Egypt curb exports.
Cargoes of LNG, which is gas chilled into liquid for transportation by tankers, may rise to as much as $25 per million British thermal units in the Northern Hemisphere winter, said John Harris, a director at Cambridge Energy Research Associates Inc. in Beijing. Japan, the world\'s biggest buyer, paid an average $14.10 in June in the spot market for immediate delivery, according to the finance ministry, while China paid a record $14.35, customs figures show.
Global LNG trade rose 7.3 percent to the equivalent to 165.3 million metric tons last year, according to the BP Plc Statistical Review of World Energy June 2008. Consumption will increase 10 percent a year through 2015, more than five times as fast as crude oil, Citigroup Inc. analysts led by James Neale said in an April report.
China, the world\'s second-biggest energy user after the U.S., may double spot-market purchases this year, Cambridge Energy\'s Harris said.
– Bloomberg
Reliance may not fall below 1700 in 2008
Posted by : marketmanTracked by: 1 Boarder
Dear bhus, i am bearish at the moment with bullish undertone,in this counter.......
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : bhusbhac
This bottom of 1700 has been referenced since quite some time now and needs to be revised by the most bearish . First Reliance has never seen such a low during the bear narket run and secondlybear there are a number of positives also emerging which has lifted the bottom considerably. I am hoping against hope and looking forward to a correction of 10% from here to add further shares of RIL to my portfolio.
I also feel that it is better to be a bull with a bearish undertone and take opportunities of market dips.
Gas----- RIL Vs ADAG
Posted by : gvTracked by: 0 Boarder
Hi,
The price of natural gas is increased considerably,
How ADAG group is expecting RIL to sell the them at the throw away price?
If the price of gas is so low,the tax realization by the govt also will be low
The gas is not a private matter between RIL and ADAG
Govt already subsidizing cooking gas to domestic users and also on pet products
The fundamental question--Why ADAG should get subsidy in different form?
It defies the logic of natural justice
ADAG taking support of Amarsing for these back door deals
So the question ,What ADAG is doing in return for Amarsing?Pure friendship?
I don't believe
If the pricing is not done properly discovered one can be sure of a CBI inquiry
by future govt
PLs read this post on gas economy
QUOTE
\"Liquefied natural gas prices in Asia may climb about 80 percent this year as new projects get delayed and countries from Indonesia to Egypt curb exports.
Cargoes of LNG, which is gas chilled into liquid for transportation by tankers, may rise to as much as $25 per million British thermal units in the Northern Hemisphere winter, said John Harris, a director at Cambridge Energy Research Associates Inc. in Beijing. Japan, the world\'s biggest buyer, paid an average $14.10 in June in the spot market for immediate delivery, according to the finance ministry, while China paid a record $14.35, customs figures show.
Global LNG trade rose 7.3 percent to the equivalent to 165.3 million metric tons last year, according to the BP Plc Statistical Review of World Energy June 2008. Consumption will increase 10 percent a year through 2015, more than five times as fast as crude oil, Citigroup Inc. analysts led by James Neale said in an April report.
China, the world\'s second-biggest energy user after the U.S., may double spot-market purchases this year, Cambridge Energy\'s Harris said.
– Bloomberg
...
Reliance may not fall below 1700 in 2008
Posted by :
vam_aruTracked by: 1 Boarder
Dear all,
How much down side risk RIL carries, 2120 or 1920 ? in this downfall...
Regards
Aru...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : KARUNAS
Now RIL looks to be better and better buy, may fall a little but finally has to move northwards.
Reliance may not fall below 1700 in 2008
Posted by : KARUNASTracked by: 1 Boarder
Now RIL looks to be better and better buy, may fall a little but finally has to move northwards....
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : marketbear
yes, if selling is accross the board, then no one is spared from the fall and if market falls sharply from these levels then this recovery can fizzle out. Market has to get support above 4000 level otherwise it will be bad for the market
www.financeandstockadvice.blogspot.com
Posted by : GuestTracked by: 0 Boarder
all financial tools at single place make research more easier and faster...
www.mprofitindia.com
Posted by : GuestTracked by: 0 Boarder
Search Reliance latest headlines, research reports. It\\`s really very informative.
...
buy on declines
Posted by : marketbearTracked by: 1 Boarder
Buy reliance at declines for short term gain as stock may rebound from lower level in this week as positive newsflows is expected for the stock...
Reliance may not fall below 1700 in 2008
Posted by : marketbearTracked by: 1 Boarder
yes, if selling is accross the board, then no one is spared from the fall and if market falls sharply from these levels then this recovery can fizzle out. Market has to get support above 4000 level otherwise it will be bad for the market...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : sri123
if market falls all stocks will fall. no support or no analysis will work
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