Avoid buying reliance even for speculation above 2000 during this quarter....

Reliance will surely cross 3000 mark in next one month. Getting the 67% stake in Andhra Gas Pipe Line is huge Positive ...

These brothers are creating confusions among the retail investors and cornering every single share they can get from the us. Please do not fall in their tactics ..

Guest-I too feel that Reliance could cross 3000 mark in next six months!!A Top Stock!!

I think it will touch 30,000 in 20 years. 30,000 in 50 years...Enjoy!

fortis-It is historically proved that barring a few Bad Patches,Reliance always goes up!!

RIL has good strength. It will not go sub 1700.

It is purposely not producing large gas quantity as demand is low becoz of which price is less.

I second this

danand-What ever any one may say Reliance is headed upwards!!

Not necessary to invest in reliance at present price if investors are short to medium term based....

Buy reliance below 2000...as now only bad news has gripped it...once every thing gets straighten out then it will shoot up to 3000 within short period. Do not miss to accumulate below 2ooo.

Chances are less for reliance to trade above 2000 once it falls below 2000 in the near term.... there is nothing great in reliance after seeing the Q1 performance....

marketman - Firstly if global markets pickup so will crude. RIL has a crude production of 20,000 bpd and will increase it to 40,000 bpd before 30th September, 2009. That is a profit of at least US$ 15 = US$ 600,000 per day = Rs 3 crores per day at CMP!

Within 2 to 4 quarters crude could go upto US$ 100.

Even if RNRL is to be believed then RIL has a profit margin of 100%. Of course the daily outbursts from RNRL is superceding the matter in Honourable Courts and they are likely to lose the case. So meanwhile RIL will make 100% profit margins so let them for the time being in order that there is an inducemtn to improve the production further.

Of course all units buying gas from RIL have the option to buy the gas internatioanlly or by alternate fuel!

So if the terms are favourable RIL today it could possibly go the other way as is has during 2008-09.

Now marketman of course today was a scary pricture of the selloff in the last one hour. However on the other hand if things start favouring RIL suddenly one of these days then we may be staring at Rs 2500 to rs 3000. So would we consider butying then.

Of course if the Q1 result is to be taken as the ONLY measure of valuation of a company then RIL is expensive at Rs 2,000 however deep down all do know too well that a breakout will certainly take place any time.

Even with a drought like condition in our Indian marekts while world markets are recovering RIL can save huge subsidies and valuable foreign exchange so that we can buy food from global markets and compensate affected farmers.

So RIL is certainly a HOLD and ACCUMULATE on dips.

Q1 results of RIL may not be great however oil and gas production despite all controversies raised by RNRL and pressure on GRMs are GREAT not only for RIL in the LT but also for our nation in the immediate future. No more power shortage is an Indian dream coming true which will have to mean all around progress and growth.

Dear nitin,the sentences avoiding above 2000 and buying below 2000 look almost same.... thanks for exchanging views on mmb....

Holding reliance above 2000 in present circumstances is very much risky....

Market participants not showing interest on this counter due to disputes and controversies....