I suggest you to book profit as it seems from the hearing of the hon`ble supreme court that it will be difficult for RNRL to get gas at same price fixed in MoU with RIL. Once the verdict will be out i.e. against RNRL, your profit will be lost.
Government is somewhere supporting RIL. When the deals are made, analysts take the ballpark figure of the external factors like price rise in coming future.
RIL must have taken into account that in future whether they would be able to provide gas as per MoU or not. But now they are refusing to do so. Now RIL is saying that it could not provide gas at same agreed price. Govt has also jumped in to support RIL saying that gas would be sold as per the Government guidelines. So rare are the chances for RNRL to win the case.
| NIFTY 
