Reliance Industries

Reliance investors misunderstood advace tax payment

Posted by : dineshsahay

Dear investors/boarders
You have misunderstood the advance tax payment from Reliance Induatries, here is the message from one boarder as;

"What are you talking off. Do you know what is GRM which you are appying to other industries.

Just for the heck, dont go on posting messages without understanding.

Write something sensible if you can else just be shut.

do you know onething that Advance tax can be low for many reasons like company coming into MAT due to new projects, increase in TDS deductions, getting tax shield due to mergers etc. Dont just go on typing silly things."

Let everyone should know that the coming result of 3rd quarter will be good and there is no cause of concern. So go and buy without any doubts in your mind and without any downward risk. Target Reliance industries Rs1700 for ST, Rs2250 MT and Rs2600 forLT.

India has serious problem

Posted by : Bhatt

The piece makes a persuasive argument for why despite already falling 55% from its high the Indian stock market won`t rebound in the near future. In short, it was and still is overvalued.

- India`s forward P/E is 60% higher than that of emerging markets as a group.

- India`s price-to-book ratio is 72% higher than that of emerging markets as a group.

- The Sensex`s 2% dividend yield is much lower than that of other emerging markets, which typically are at around 5%.

While there is obviously a lot to like about India, the Indian stock market had gotten way ahead of itself. Just a year ago in January 2008 the market cap of Indian stocks had soared to 180% of the country`s GDP. In comparison, the market cap / GDP ratio for the U.S. market at the top of the dot com bubble was only 131% and the ratio at the peak of the Japanese market years ago was only 150%.

Many analysts believe that the Indian stock market will retest its recent lows at some point in the next fifteen months before it begins any sort of new bull run.

Certain analysts who were interviewed for the article were bearish on India`s currency as well. The country`s current-account deficit and its debt repayments amount to 18% of its foreign-exchange reserves. The rupee has already fallen by more than 20% this year versus the U.S. dollar (though much of that can probably be attributed to irrational dollar strength than anything). In any event, a weaker rupee leaves Indian companies that have borrowed money abroad vulnerable. Having said this, I personally am less worried about weakness in the rupee because I think that the recent dollar strength is nuts.

As if India didn`t have enough problems already, this piece of terrible news just came out this morning: Satyam chief quits, fraud scandal hammers shares.......

The head of Indian outsourcing firm Satyam (SAY) resigned this morning after admitting to falsely inflating the company`s profits over the past several years. Talk about some cooking of the books, supposedly about $1 billion or 94% of the cash that has on the company`s books is fictitious.

They`re calling this the Indian Enron. The news is so big that it dragged down the entire Indian stock market by a whopping 7.3%. Ouch. Analysts are now questioning entire corporate governance system. Here`s a quote from R.K. Gupta, managing director at Taurus Asset Management in New Delhi (not to be confused with the possible new U.S. Surgeon General :)) "If a company`s chairman himself says they built fictitious assets, who do you believe here? This has put a question mark on the entire corporate governance system in India."

Ironically, only three short months ago Satyam received a "Golden Peacock" award from a group of Indian directors for excellence in corporate governance. Perhaps they should have received the "Golden Turkey" or "Golden File Baked Into a Cake" award. Sheesh.

Unfortunately, this is yet another blow for India`s stock market, which was already headed in the wrong direction.

India has serious problem

Posted by : Bhatt

The piece makes a persuasive argument for why despite already falling 55% from its high the Indian stock market won`t rebound in the near future. In short, it was and still is overvalued.

- India`s forward P/E is 60% higher than that of emerging markets as a group.

- India`s price-to-book ratio is 72% higher than that of emerging markets as a group.

- The Sensex`s 2% dividend yield is much lower than that of other emerging markets, which typically are at around 5%.

While there is obviously a lot to like about India, the Indian stock market had gotten way ahead of itself. Just a year ago in January 2008 the market cap of Indian stocks had soared to 180% of the country`s GDP. In comparison, the market cap / GDP ratio for the U.S. market at the top of the dot com bubble was only 131% and the ratio at the peak of the Japanese market years ago was only 150%.

Many analysts believe that the Indian stock market will retest its recent lows at some point in the next fifteen months before it begins any sort of new bull run.

Certain analysts who were interviewed for the article were bearish on India`s currency as well. The country`s current-account deficit and its debt repayments amount to 18% of its foreign-exchange reserves. The rupee has already fallen by more than 20% this year versus the U.S. dollar (though much of that can probably be attributed to irrational dollar strength than anything). In any event, a weaker rupee leaves Indian companies that have borrowed money abroad vulnerable. Having said this, I personally am less worried about weakness in the rupee because I think that the recent dollar strength is nuts.

As if India didn`t have enough problems already, this piece of terrible news just came out this morning: Satyam chief quits, fraud scandal hammers shares.......

The head of Indian outsourcing firm Satyam (SAY) resigned this morning after admitting to falsely inflating the company`s profits over the past several years. Talk about some cooking of the books, supposedly about $1 billion or 94% of the cash that has on the company`s books is fictitious.

They`re calling this the Indian Enron. The news is so big that it dragged down the entire Indian stock market by a whopping 7.3%. Ouch. Analysts are now questioning entire corporate governance system. Here`s a quote from R.K. Gupta, managing director at Taurus Asset Management in New Delhi (not to be confused with the possible new U.S. Surgeon General :)) "If a company`s chairman himself says they built fictitious assets, who do you believe here? This has put a question mark on the entire corporate governance system in India."

Ironically, only three short months ago Satyam received a "Golden Peacock" award from a group of Indian directors for excellence in corporate governance. Perhaps they should have received the "Golden Turkey" or "Golden File Baked Into a Cake" award. Sheesh.

Unfortunately, this is yet another blow for India`s stock market, which was already headed in the wrong direction.

Ambani Bandhu Gifts to wife

Posted by : bhusbhac

Dear Mr Bhatt - This news to me indicates that unlike Mr Ramalingam Raju of Satyam Computer Limited Mukeshbai and Anilbhai are both seasoned INDUSTRIALISTS, traits which they inherrited from their father after all.

Problem with Mr Ramalingam Raju is that he got CAUGHT and that too he makes a stupid self confession which is equated to commiting suicide. Looks to me that Mr Ramalingam Raju is more of a technocrat and that has done hime in. Fudging books goes on in the corporate world globally! SAINTS cannot and dont run large industries. There is a distinct art of siphoning out of money which are not only for themselves but also for political reasons and compensation and gifts that have to be given to various departments all the time

Let us be honest with ourselves. We ourselves would not invest in a company which does not know how to operate in its own environment!

Have you considered how much of fudging and fraud went on in the financial instituitions in USA to window dress their books which could have been in connivance with President Bush himself. I could imagine something of this proportion when it was teh president himself who came to India to sell the Nuclear Deal and the manner it was pushed through.

So starting from yourself please ennumerate to me the SAINTLY persons existing in this world? Mr Ramalingam Raju in his confession did state that he did not spend a single paisa of the fudging he did on HIMSELF but he did it to save his company! Somehow because he came to a point of confession I believe it and that he was as it RUINED personally in any case due to the SLOWDOWN and RECESSION. He as many had been billionaires of the world are victims so let us give a chance for the whole truth to come out. It is not that EASY to face RUIN!

Ambani Bandhu Gifts to wife

Posted by : bhusbhac

Dear Mr Bhatt - This news to me indicates that unlike Mr Ramalingam Raju of Satyam Computer Limited Mukeshbai and Anilbhai are both seasoned INDUSTRIALISTS, traits which they inherrited from their father after all.

Problem with Mr Ramalingam Raju is that he got CAUGHT and that too he makes a stupid self confession which is equated to commiting suicide. Looks to me that Mr Ramalingam Raju is more of a technocrat and that has done hime in. Fudging books goes on in the corporate world globally! SAINTS cannot and dont run large industries. There is a distinct art of siphoning out of money which are not only for themselves but also for political reasons and compensation and gifts that have to be given to various departments all the time

Let us be honest with ourselves. We ourselves would not invest in a company which does not know how to operate in its own environment!

Have you considered how much of fudging and fraud went on in the financial instituitions in USA to window dress their books which could have been in connivance with President Bush himself. I could imagine something of this proportion when it was teh president himself who came to India to sell the Nuclear Deal and the manner it was pushed through.

So starting from yourself please ennumerate to me the SAINTLY persons existing in this world? Mr Ramalingam Raju in his confession did state that he did not spend a single paisa of the fudging he did on HIMSELF but he did it to save his company! Somehow because he came to a point of confession I believe it and that he was as it RUINED personally in any case due to the SLOWDOWN and RECESSION. He as many had been billionaires of the world are victims so let us give a chance for the whole truth to come out. It is not that EASY to face RUIN!

Ambani Bandhu Gifts to wife

Posted by : Bhatt

when Mukesh Ambani going to gift 8000 Carore banglow to her wife? Anil already given 400 Carore yacht to wife and Neeta ambani already recived 250 Carore jet we all investor should happy that how nicely our corporate treat their wife

Reliance Jamnagar Refinery Catches Fire.

Posted by : bhusbhac

Dear payaretaj - According to news on CNBCTV-18 there was an accident and 2 persons were killed. However RIL spokesman clarified that the refinery was functioning normally. Anyway check the news today!

Reliance Jamnagar Refinery Catches Fire.

Posted by : pyaretaj

Guys,

There is flash news on TV today reporting that due to hydralic explosion, there is fire in RIL`s jamnagar refinery. Furthere details of the report are awaited.

Please send your comments on news that you hear on this issue.

Thx.

Will there be satyam like fraud in Reliance?!

Posted by : marketman

My dear tara,many samll investors in india come to stock market with their savings in life.... but here in stock market few peope enjoying with innocent investors money.... naturally investors will have so many doubts when they are getting huge losses in stock market.... satyam given severe stroke to everybody.... there is a chance of few other corporates too working in similar fashion.... there is nothing wrong in investors doubting everything in stock market at the moment....

people loosing faith in stock markets

Posted by : mars attack

sensex will never touch 20000 levels until the year 2040.the sentiment will not improve in the near term.