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Reliance Inds - A must Sell stock (3)   10-May-08 02:30Tracked by (0)  
Posted by:   WBuffetBlog on ( 10-May-08 02:30 )Rating      
Price : BSE: Rs 2527.65 ( -5.19 % ), NSE: Rs. 2528.40 ( -5.21 % )
The over hyped Relicance Inds stock will see bad days ahead & the price should be substantially lower in coming months.

There will be huge glut in PE & PP markets with massive capacities coming up in Middle East by end of 2008 & early 2009. Reliance Inds will have the worst times.

The current price is not discounted the above factor. Investors will do well to offload RIL at current exhorbitant price levels.

Cheers!!!

WBuffetBlog

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