Reliance Petroleum

RPL next support at 120+ : Be and Make

Posted by : Be and Make

Dear manju – I think my calculations again proved. I think you too gained from my calls.
With thanks
Be and make

Rpl 1000 rs worth

Posted by : IT_Bulls

RPL is a six bagger; wait till it reaches Rs 1000.

Patience may be tested but your conviction will be rewarded.

RPL`s 2nd refinery to go onstream in Nov.

Posted by : IT_Bulls

RPL is a six bagger. Buy more and sell only when it touches 1000.

Indian stocks dancing to global cues

Posted by : IT_Bulls

Portfolio Manager PN Vijay feels it’s difficult to say if there is more bad news today. “We have been dancing to global cues for the previous one month. Hopefully, these cues will play themselves out soon,” he says.

“Domestically, things look much better now with inflation lower than previous levels and interest rates likely to come down in about two months,” Vijay said.

“The package got passed on Friday and that is also good news. Economically, India is the least affected by the developments in the US".

Cues from FnO: Short term bounce?

Posted by : Be and Make

dear chief - I think now you understood why i offloaded the RPL. Again things working for me.
with thanks
be and make

Cues from FnO: Short term bounce?

Posted by : Be and Make

dear chief - I think now you understood why i offloaded the RPL. Again things working for me.
with thanks
be and make

Cues from FnO: Short term bounce?

Posted by : Be and Make

dear vkk 43 - The predictions proved again.

with thanks
be and make

RPL top gainer on the Nifty

Posted by : Be and Make

Dear chugh – don’t believe these business men they run their business to prosper themselves only and that too mukesh’s abilities are not up to the mark when compared to the dhirubhai ambani.
When mukesh believes that there is ‘steady growth’ then why he sold the 4% share at the price of 224/- having the worth of 4000cr without prior intimation. So many small investors badly hammered during that phase.
Mukesh exited from their retail oil outlets and closed all the oil bunks there too those who believed mukesh were hammered badly (of course it may not have any connection with the stock price)
Similarly now he starts reducing retail stores as they are delivering much to the holders.

These all are not failures of the big man? Ultimately the losing person was who believed in him isn’t right?

(Don’t confuse that I am bearish on MAD group, I have huge holdings in this group but facts should be commented.)
With thanks
Be and make

Cues from FnO: Short term bounce?

Posted by : chief_kamani

Be and Make-Why offload a good Long Term stock like RPL????

RPL next support at 120+ : Be and Make

Posted by : Be and Make

If RPL breaches the 140+ level firmly then the support would be at 120+

The main reasons for the down grading the price target:
1. Global financial crisis damaged the sentiment.
2. At home we are having very weak fundamentals like high inflation, interest rates,
Govts huge fiscal deficit, upcoming elections, a dip in GDP etc.,
3. Production is not ahead of schedule as announced by the management but is either in nov/dec.
4. Due to the start of commercial production in dec08 then the expected EPS would be around 6 for FY09.
5. All the leading analysts like Kotak, Merryl, downgraded the stock and put the price target of 150/- as the high (previously it was at 208/-)
6. Globally GRMs dropping
7. There are somany political uncertainities on Mukesh group and amar singh is trying to use every opportunity to create vulnerable conditions on RIL like ban on EOU status, ban on oil exporting etc., but in my they are not easy to change for a particular company hence they may not be as easy as amar said. But, the government is considering the imposition of a minimum alternate tax (MAT) on units in SEZ like RPL. MAT would mean an 8-9% cut in RPL's FY09-FY11E earnings and 4% (Rs6/share) cut in its PO.
8. Chevron stance still unclear.
9. One more important point is that RPL is having very high debt equity ratio, around 3. In these high interest rate times the companies will be will have high debt/equity ratio will badly hammered in margins. So, in this point RPL too have impact on its margins and will further effect the bottom line.
Yes, definetly there will be a spike in the upcoming days but I will not give any trading call and my advice is to use this rally to cover your positions and re-enter at lower levels.
With thanks
Be and make

Cues from FnO: Short term bounce?

Posted by : vkk43

Thanks for yr views on RPL. I too feel that the share will rule easy for quite sometime.

RPL next support at 120+ : Be and Make

Posted by : manju_berlin

Dear Be and Make

first of all thanks for your previous messages on F&O.
I requiest you to suggest my case. I have 4000RPL shares avg of 166.

Thank you in advance

Cues from FnO: Short term bounce?

Posted by : my_money

dear,

some one might have rated ur msg as abusive and thus got dleted..
MOD can definitely look into this.

regards,

Cues from FnO: Short term bounce?

Posted by : vkk43

I hv posted two msgs to MOD. Let us see what action he takes tomorrow.

Cues from FnO: Short term bounce?

Posted by : harishkrsharma

I am not denying the market cannot Tank further as you are quite right that the impact of Europe has still not discounted and may take the markets to new lows.

Situations is pretty bad but i am hoping that Govt may act now and can take various measures to hold our market with ban on shortselling OR by reducing circuit filters OR by increasing liquidity CRR cut OR thru P Notes.

harish sharma