i advise clients to exit mrpl as crude prices falling will have a negative impact on its margins and its future expansion plans are also slow standalone refinery companies are not at present favourite its annual meeting was also lacklustre and no good news coming out its movement same for even the next ten years no breakout above 90
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Do not track crude on daily basis as one might get a rude shock. The trend of crude as well as all other commodities is on the UP. MRPL will declare good numbers this quarter as crude has already risen from 40 levels to current 70 levels. Also expansion plans are in place by 2011 & stock will give a breakout soon. Expect 110 levels by this Diwali. Cheers !
I adviced people to exit this counter long back asked to switch over to maytas and central bank when they were trading at 70 level. Now Maytas and central bank tradbing 135 level.
OMCs has biggest hurdles from govt`s oil pricing policy. These stocks runs around budget days. Govt reduced fuel price just before elections.
Exit and enter in growth stocks like BANKS, ifnra stocks.
Buy vijaya bank, Roman tarmat, Central bank, IOB at current levels.
| NIFTY 
