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UNDU PROASH

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what is going on in cals refineries?

6.42 AM Feb 20th | Track

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1.07 PM Feb 21st

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it'smeyaar

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Essar Oil has already moved up. The news that can drag it further down is the issue with the the tax.Secondly, since Essar Oil is under expansion currently, it`s in no way going to make profits for another 4-5 quarters for sure, hence there are no positive news to take the prices high. The only cheer could come if the tax issue gets totally in favor or Essar whereby it would not have to pay anything.So, I belive, this stock will fall to below mid-50 levels and then it`ll be a good buy.

12.50 PM Feb 21st

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I want to buy Essar Oil, is it the time ?

8.59 PM Feb 20th

it'smeyaar

Gold Member

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sorry UNDUPROASH, I do not track Cals Refineries.From the refinery segment, I track Essar Oil & IOC.

8.21 PM Feb 20th

MMB Moderator

Platinum Member

1025 Followers

Hi UNDU PROASH,
As of now we don’t have an expert opinion on the same. However would request you to visit the stock page for more updates: http://t.in.com/faSw

2.48 PM Feb 20th