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Reliance Industries
I don`t think Reliance will see 935 levels again !!
Posted by :
bhusbhacTracked by: 0 Boarder
Dear Amitava DG - An article GAIL, ONGC to get gas from Reliance’s K-G field appears on Reliance page on moneycontrol as also posted by me on this board a little while ago.
This clearly shows the potential of RIL going forward. It will be interesting to see the advnace tax numbers immediately after 15th December, 2008. Approaching Christmas and New Years holidays FIIs may not be able to react immedaitely even if they are not impressive due to certain cost cutting measures and plant shutdowns. During January, 2009 when the results will be announced by then the announcements of commencement of oil and gas production may also gain ground.
I think that RIL is definitely worth the small risk of some further small delays due to unforeseen circumstances.
...
In reply to:
I don`t think Reliance will see 935 levels again !!
Posted by :
Amitava DG
Just Buy Reliance @ 1065 SL 1044 Target 1210 and above 1240 anywhere around 1340 is on the charts. Its already in the over oversold and somewhere around 1100 levels fresh positions have been made just unfortunate of the Maha CM resignation news that set the Investors panicky and RIL felt the wrath. 
I don`t think Reliance will see 935 levels again !!
Posted by : Amitava DGTracked by: 0 Boarder
Just Buy Reliance @ 1065 SL 1044 Target 1210 and above 1240 anywhere around 1340 is on the charts. Its already in the over oversold and somewhere around 1100 levels fresh positions have been made just unfortunate of the Maha CM resignation news that set the Investors panicky and RIL felt the wrath....
Will Reliance be in troubles????!!!!
Posted by : basruruTracked by: 0 Boarder
What is your level for RIL please? and when?...
In reply to:
Will Reliance be in troubles????!!!!
Posted by : rishu88
see what have wriiten that . u can not think that level where we can think
GAIL, ONGC to get gas from Reliance’s K-G field
Posted by : bhusbhacTracked by: 0 Boarder
This article appears on RELIANCE page on Moneycontrol.
It should answer the many apprehensions that many members on this board have been having regarding RIL. Imagine the cost and foreign exchange savings which should trigger our economy going forward!
New Delhi, Nov. 30
GAIL India Ltd and ONGC will get the allocated share, together three million standard cubic metres a day, of the gas produced from Reliance Industries Ltds RIL- Krishna Godavari gas field.
This view has been taken by the Petroleum Ministry while considering the request of the Power Ministry to divert the feedstock allocated to the existing gas-based LPG -liquefied petroleum gas- plants for the power sector, official sources told Business Line. ONGC and GAIL have gas-based LPG plants in the country.
EGoM view
An Empowered Group of Ministers (EGoM) on Gas Pricing and Utilisation in a decision taken early this year had said that a maximum of three million standard cubic metres a day (mscmd) of gas would be supplied to existing-gas based LPG plants. While spelling out the order of priority for supply from RIL’s KG field to various sectors, the EGoM had also allocated 18 mscmd for the power plants.
Noting that the requirement of the power sector was more than 18 mscmd, the EGoM had also said that any additional gas available beyond the categories stated would be supplied to power plants. However, at the recent EGoM meeting, the Power Ministry had requested for diversion of the gas allocated to the LPG plants to power sector. Following this request, the Petroleum Ministry was asked to undertake a cost benefit analysis of gas supply to LPG plants.
Viability issue
Official sources said that the Petroleum Ministry felt that it is more economically viable to give gas for shrinkage to produce LPG rather than burning in power plants. Criticality of the domestically sourced gas can be gauged by the fact that the end price of the product would be lower than the imported gas, the official said. The price of imported gas is almost 60 per cent higher than the domestically produced gas.
Supply of gas for LPG production would be beneficial, as currently on an annualised basis about 2.5 million tonne -mt- LPG are being imported to meet the total demand. The estimated demand for LPG in the country in the financial year 2009 is 12.25 mt. While 9.03 mt of demand is expected to be met indigenously, the remaining 3.37 mt would be met through imports.
GAILs annual production of LPG is 1.38 mt. It currently sources gas from ONGC and Oil India at an administered price. It also buys gas from joint venture partners of Panna-Mukta-Tapti -PMT- fields, and some requirement is met through imports. GAIL has seven LPG processing plants and some are running below capacity due to shortage of gas, sources added.
ONGC has sold -other than trading- 1.04 mt of LPG in 2007-08. ONGC produces LPG in three processing plants from gas and condensate, produced in its offshore fields of Bassein & Satellite and Mumbai High, and onland fields of Ankleshwar and Gandhar.
RIL is expected to begin production of gas from its D6 field in January 2009.
Taken from Business Line
thehindubusinessline in
...
Will Reliance be in troubles????!!!!
Posted by : rishu88Tracked by: 0 Boarder
see what have wriiten that . u can not think that level where we can think...
In reply to:
Will Reliance be in troubles????!!!!
Posted by : man
There is no reason how falling crude price can give a jerk to Reliance stock by any chance?
This comment is useless by all means and no discussion is required.
We need to worry if Crude price increases for our economy.
Will Reliance be in troubles????!!!!
Posted by : rishu88Tracked by: 0 Boarder
see our oil company have now proper arrangement . they have capiticity to buy cude ouil from various contry . now there all loss have have been completed . that why govt is making to reduce the price of oil . there is no need of worry . now india to much liquidity in oil companies . why are u affarid of this ...
In reply to:
Will Reliance be in troubles????!!!!
Posted by : man
There is no reason how falling crude price can give a jerk to Reliance stock by any chance?
This comment is useless by all means and no discussion is required.
We need to worry if Crude price increases for our economy.
Will Reliance be in troubles????!!!!
Posted by : manTracked by: 0 Boarder
There is no reason how falling crude price can give a jerk to Reliance stock by any chance?
This comment is useless by all means and no discussion is required.
We need to worry if Crude price increases for our economy....
In reply to:
Will Reliance be in troubles????!!!!
Posted by : marketman
Crude struggling at around 50 dollars and looking very weak on the fears of deeper recession....
NRI`s efforts to save our country`s economy. Read on...
Posted by : investor11Tracked by: 0 Boarder
There is very high probability that Mr Rangrajan may be inducted as FM...
In reply to:
NRI`s efforts to save our country`s economy. Read on...
Posted by : bhusbhac
Dear tally - Firstly our Honourable Prime Minister has taken over Finance. Let us now extend our full and whole hearted support that is our only way out going forward. Secondly the decision to restrict import from China will also be an economic decision and we have to be competitive in the global markets and several inputs come cheaply from China. However we will have to see how matters unfold in the forthcoming future.
Will I get my price.
Posted by : GuestTracked by: 0 Boarder
I am holding 100 shares of reliance ind at 1450 average, will I get my price next week? plz reply....
HSBC overweight on Reliance Industries
Posted by : smartakkaTracked by: 0 Boarder
Recommendations should be supported by reasons. When crude prices are falling, margins are getting reduced such recommenadtions are not reliable....
In reply to:
HSBC overweight on Reliance Industries
Posted by : MMB Messenger
HSBC Global Research has maintained its overweight rating on Reliance Industries with a target price of Rs 2160, reports CNBC-TV18.
HSBC overweight on Reliance Industries
Posted by : MMB MessengerTracked by: 0 Boarder
HSBC Global Research has maintained its overweight rating on Reliance Industries with a target price of Rs 2160, reports CNBC-TV18.
...
NRI`s efforts to save our country`s economy. Read on...
Posted by : bhusbhacTracked by: 0 Boarder
Dear tally - Firstly our Honourable Prime Minister has taken over Finance. Let us now extend our full and whole hearted support that is our only way out going forward. Secondly the decision to restrict import from China will also be an economic decision and we have to be competitive in the global markets and several inputs come cheaply from China. However we will have to see how matters unfold in the forthcoming future....
In reply to:
NRI`s efforts to save our country`s economy. Read on...
Posted by : tally
Dear pyaretaj, I by & large agree with you. I have been writing on this subject for some time but have failed to get any response from other members. As per latest trade figures we are running a huge current account deficit, which may not be good for our economy. We consume large FMCG ITEMS FROM China which supplies hand grenades to militants for destruction of our assets and people. We even consume Chinese milk products which is contaminated and a health hazard. Our steel industry is bleeding but we continue to import Chinese steel. FIRSTLY, THREAT FROM PAKISTAN MILITANTS CAN BE EASILY HANDLED BY INDIA WITH DISPLAY OF SOME POLITICAL WILL AND PRUDENT HANDLING BUT ACTUAL THREAT EMANATES FROM CHINA ON MILITARY AND ECONOMIC FRONTS. Secondly, our very large reliance on energy safety from middle east does not bode well on long term basis.I am glad that RIL plans to invest a very large sum of money - some Rs30000 cr in near future on solar energy development. We must reduce energy dependence by developing alternate energy like nuclear, solar, wind & bio-fuel. Thirdly we Indians must buy products made in India as far as is possible. Indian industry has special responsibility to ensure that public is not cheated and `value for money` given to him. As a thumb rule we all should buy only form a stock market listed co even if the co is multi-national. At least wealth is being shared among Indian share holders. I DO NOT CONSIDER GLOBALIZATION OF ECONOMY AS COLONIZATION. However, correct and appropriate response must be applied at different times. Just now we are passing through a very critical time of economic difficulty. We have to save our home turf, therefore to my mind our correct and appropriate response is to look inward and save our economy & jobs. This job can not be undertaken by the Govt for obvious reasons, WE THE PEOPLE OF INDIA HAVE TO DO IT.
NRI`s efforts to save our country`s economy. Read on...
Posted by : tallyTracked by: 0 Boarder
Dear pyaretaj, I by & large agree with you. I have been writing on this subject for some time but have failed to get any response from other members. As per latest trade figures we are running a huge current account deficit, which may not be good for our economy. We consume large FMCG ITEMS FROM China which supplies hand grenades to militants for destruction of our assets and people. We even consume Chinese milk products which is contaminated and a health hazard. Our steel industry is bleeding but we continue to import Chinese steel. FIRSTLY, THREAT FROM PAKISTAN MILITANTS CAN BE EASILY HANDLED BY INDIA WITH DISPLAY OF SOME POLITICAL WILL AND PRUDENT HANDLING BUT ACTUAL THREAT EMANATES FROM CHINA ON MILITARY AND ECONOMIC FRONTS. Secondly, our very large reliance on energy safety from middle east does not bode well on long term basis.I am glad that RIL plans to invest a very large sum of money - some Rs30000 cr in near future on solar energy development. We must reduce energy dependence by developing alternate energy like nuclear, solar, wind & bio-fuel. Thirdly we Indians must buy products made in India as far as is possible. Indian industry has special responsibility to ensure that public is not cheated and `value for money` given to him. As a thumb rule we all should buy only form a stock market listed co even if the co is multi-national. At least wealth is being shared among Indian share holders. I DO NOT CONSIDER GLOBALIZATION OF ECONOMY AS COLONIZATION. However, correct and appropriate response must be applied at different times. Just now we are passing through a very critical time of economic difficulty. We have to save our home turf, therefore to my mind our correct and appropriate response is to look inward and save our economy & jobs. This job can not be undertaken by the Govt for obvious reasons, WE THE PEOPLE OF INDIA HAVE TO DO IT....
In reply to:
NRI`s efforts to save our country`s economy. Read on...
Posted by :
pyaretaj
Dear All,
Please spare a couple of minutes here for the sake of our country INDIA
Our Economy is in our hand. INDIAN economy is in a crisis. Our country like many other ASIAN, WESTERN AND EUROPEAN countries are undergoing severe economic crunch. Many INDIAN industries are closing down. European countries will see a massive collapse in coming days. America is begging for cash and their economy is collapsing. Billions of Dollars are being lost by their financial companies and many top rated American and European companies are on the verge of total collapse and bankrupt. The INDIAN economy too is in a crisis and many factories, establishments, plants, etc are shutting down, bringing a total chaos to Indians and Indian Economy and hundreds and Thousands of people are loosing their jobs daily. Exports are reducing and huge losses being incurred. If we do not take proper steps to control those now, we will be in a critical situation. This effect has already started showing up in Gulf countries too, beginning from Dubai.
U Can make a huge difference to the Indian Economy,
Small example:
Before 5 months 1 CAN $ = IND Rs 32
After 5 months 1 CAN $ = IND Rs 37
Do you think Canadian Economy is booming? No, but Indian Economy is Going Down.
More than 30000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages...etc which are grown, produced and consumed here.
A cold drink that costs only 70/80 paisa to produce is sold for NINE rupees, and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy. `COCA COLA `and` SPRITE ` belong to the same multinational company, `COCA COLA`? Coke advertisements says `JO CHAHO HO JAYE, COCA COLA ENJOY` - (Whatever the hell, let it happen, you drink coke)
What can you do?
You can consider some of the better alternatives to aerated drinks.
You can drink LEMON JUICE, FRESH FRUIT JUICES, CHILLED LASSI (SWEET OR SOUR), BUTTER MILK, COCONUT WATER, JALJEERA, ENERJEE, MASALA, MILK... Everyone deserves a healthy drink, including you!
Over and above all this, economic sanctions have been imposed on us. We have nothing against Multinational companies, but to protect our own interests we request everybody to use INDIAN products only for next two years. With the rise in petrol prices, if we do not do this, the rupee will devalue further and we will end up paying much more for the same products in the near future.
What you can do about it?
1 . Buy only products manufactured by WHOLLY INDIAN COMPANIES.
2 . ENROLL as many people as possible for this cause.
Each individual should become a leader for this awareness.
This is the only way to save our country from severe economic crisis. You don`t need to give-up your lifestyle. You just need to choose an alternative product.
All categories of products are available from WHOLLY INDIAN COMPANIES.
Every INDIAN product you buy makes a big difference. It saves INDIA . Let us take a firm decision today.
BUY INDIAN TO BE INDIAN.
We are not against foreign products.
WE ARE NOT ANTI-MULTINATIONAL.
WE ARE TRYING TO SAVE OUR NATION.
EVERY DAY IS A STRUGGLE FOR A REAL FREEDOM.
WE ACHIEVED OUR INDEPENDENCE AFTER LOSING MANY LIVES.
THEY DIED PAINFULLY TO ENSURE THAT WE LIVE PEACEFULLY.
THE CURRENT TREND IS VERY THREATENING.
MULTINATIONALS CALL IT GLOBALISATION OF INDIAN ECONOMY.
FOR INDIANS LIKE YOU AND ME IT IS RECOLONISATION OF INDIA .
THE COLONIST`S LEFT INDIA THEN.
BUT THIS TIME THEY WILL MAKE SURE THEY DON`T MAKE ANY MISTAKES.
WHO WOULD LIKE TO LET A `GOOSE THAT LAYS GOLDEN EGGS` SLIP AWAY.
PLEASE REMEMBER: POLITICAL FREEDOM IS USELESS WITHOUT ECONOMIC INDEPENDENCE .
RUSSIA , S.KOREA , MEXICO ... THE LIST IS VERY LONG!!
LET US LEARN FROM THEIR EXPERIENCE AND FROM OUR HISTORY.
LET US DO THE DUTY OF EVERY TRUE INDIAN.
FINALLY: IT`S OBVIOUS THAT YOU CAN`T GIVE UP ALL OF THE ITEMS MENTIONED ABOVE, SO GIVE UP ATLEAST ONE ITEM TO FOR THE SAKE OF OUR COUNTRY.
NRI`s efforts to save our country`s economy. Read on...
Posted by : bhusbhacTracked by: 0 Boarder
Dear librawala - There is some speculation that President-Elect Obama will take drastic measures to curb outsourcing jobs to India. These measures if they take place seem to be too radical and against principles of FREE America! In so doing we in India will be FORCED to cut IMPORTS on all but essential items. USA might land themselves into bigger problems in COST.
We have a lot of knowledge base and so if we started interfering in the end products for which the USA is outsourcing certain menial and tedious jobs to us then USA will be outcompeted as other countires will takeover and use our knowledge base.
We will suffer for a while but USA may land up being longterm sufferers. So I think they will have to create jobs in a different manner which is higher up and which is struturally suitable to thier citizens. It must be understood that USA has enough social security for certain smart citizens to claim structural unemployment so that the USA Government would have to see that they get the 2.4 million higher up jobs.
If matters go the other way we will have to rationalise and products like coca cola and those suggested are out of the window automatically!
...
In reply to:
NRI`s efforts to save our country`s economy. Read on...
Posted by :
librawalla
I entirely agree.Only essentials are allowed to be imported.The manufacturing cost of products made in India by MNCs should be monitored carefully and continueously to ensure that there is no overpricing and looting. Our money should not be wasted .We have to prune our import and export policies intelligently with a view to protect our economy and people.The products coming to the market should also be tested periodically for their quality and safety for human consumption.
RELIANCE looks posetive in very short term(two three days)
Posted by : ask_ravijainTracked by: 0 Boarder
I belive in surety and not in chances .I belive market will open on posetive node on tommro and Reliance has resistance (R1)1164.7 . and above it reliance may surge upto 1244 in very short term stoploss for any long position in reliance is 1115 and with little bit more holding capacity the stoploss is at 1015....
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