Dalal told CNBC-TV18, "The biggest problem in RNRL is that nobody knows the future of RNRL and the future can be exceptionally bright or it can be something that will be a big laggard in the future because we do not know when and to what extent the gas flows will go through RNRL but the share price tells us that there is something big happening out there."
He further added, "The share price tells us that there are few sellers left in the system for RNRL and the volatility in the stock is a part of the stock; it has been happening for more than 18 months; goes up Rs 10-15 comes down also. But definitely there is a business plan, which this stock price is at least telling us, which should be good for a company. I do not advocate buying at this prices because its gone up so much, I would wait for correction in this stock but I would be completely surprise if this company is not able to perform and give what it is promising right now."
