But chief, at a conservative $12 / barrel GRM also, considering interest and depreciation, I do not see PAT more than 8500 Cr. It means an EPS of 18 - 20, so at P/E 10 it may be in a range of 180 - 220. I do not know why it should go to 1000 or be a multibagger. If you know of the reasons can you elaborate. Even if GRMs are around 14, then may be max. 350/- (at PE of 12) but don`t see reason for more....

saikatdaw-Its a good long term hold!!All thing gloomy would change over a period of time!!...

dear sai - Rightly said, all the targets gave by the reaserch reports based on the $14/barrel GRM, but last quarter globally GRM`s at 5 whereas RIL managed 12. But, in sep globally GRMs fallen to $2 (a mind blowing number due to huge demand destruction to the crude) ofcourse RIL might show some better number around 5-7 then what will be the valuations? Still somebody feeling that it will touch 1000/- just after the production starting. God only can save them! Thanks for posting good views, with thanks be and make stockstowin.blogspot.c om ...