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Reliance Industries
In the case of RIL and RNRL
Posted by :
Leave it.Tracked by: 0 Boarder
While contentious issue is remaining the same, the course of the events is slightly changed for finding an early solution as reported in the Hindu-businessline today.
The Bombay High Court hearing on Thursday on the gas supply dispute between the Anil-Ambani controlled Reliance Natural Resources Ltd and Mukesh Ambani’s Reliance Industries Ltd led to discussions on the possibility of the two brothers personally meeting for an early settlement of the dispute.
One of the judges on the Bench, Justice Mr J.N. Patel, noted that the dispute over gas supply between the two corporate entities is one that might affect the economy. Why could not the brothers approach their mother, Mrs. Kokilaben Ambani, to settle the dispute, he asked.
"Any time, anywhere" -was the prompt reply from Sri.Ram.
Mr Ram Jethmalani, counsel for RNRL, said Mr Anil Ambani was ready to meet his elder brother “any time, any place”.
Counsel for the Mukesh Ambani-controlled RIL, Mr Milind Sathe, said the request would be conveyed to his client and that he would have to revert on the matter.
The case relates to the dispute between the two companies over the Gas Supply Master Agreement for supply of natural gas from RIL’s Krishna Godavari basin to RNRL. The agreement was made after the split of the Reliance empire.
It was mentioned that the country`s economy will be affected and hence an out of the court settlement is most welcome. The couselors are wise and experienced. But their wiser cousel should prevail upon these two fighting cocks.
v.krishnamoorthy ...
A review of yesterday trading
Posted by : Leave it.Tracked by: 0 Boarder
To Multibaggaers
Thank you for your very good point. The fall in HDIL is low when we the ex-bonus rate is adopted. The fall appeared more pronounced than the cause of such fall.The error is regreted. Let us hope that the rise will be smart today and does not fill up the "tumbling block",to ofset the difference I mentioned.
While reporting the a huge fall, care should have been taken. I am sorry. For I am also a holder of these shares as on date.
with regards,
v.krishnamoorthy...
In reply to:
A review of yesterday trading
Posted by :
My Multibaggers
HDIL tumbled only 3.50 %. Because today was the Ex-Date for 2:9 bonus (2 bonus shares for every 9 shares).
Take care before writing enything. Best luck. 
A review of yesterday trading
Posted by : My MultibaggersTracked by: 0 Boarder
HDIL tumbled only 3.50 %. Because today was the Ex-Date for 2:9 bonus (2 bonus shares for every 9 shares).
Take care before writing enything. Best luck....
In reply to:
A review of yesterday trading
Posted by : Leave it.
Sensex plunges by 435 pts on inflation worries
After posting a modest gain yesterday, the markets nosedived today with the benchmark Sensex dipping by over 430 points on heavy selling in interest-sensitive banking and reatly stocks.
Marketmen said selling trend returned ahead of the release of inflation data as investors anticipated the rate of price rise to go up further. Naturally, RIL will have to shed more points.
The market yesterday snapped five days of selling pressure to post a gain of over 100 points. The 30-share Sensex on the Bombay Stock Exchange settled the day at 14,243.73, a loss of 434.50 points, or 2.96 per cent, from its previous close.
The National Stock Exchange index Nifty also lost 131.90 points, or 2.99 per cent, to close at 4,283.85.
Market participants said investors adopted a cautious stance amid a possibility of further rise in inflation following approval to an average 21 per cent salary hike to the government employees.
A weakness in in Asian and European equity markets also impacted the trading sentiment in domestic bourses, they said. Asian indices fell sharply by about 0.77 per cent to 3.63 per cent while European markets were trading substantially lower in their morning session.
They said investors looked worried about the financial crisis across the world that could drag G-7 nations into a recession and have cascading impact on global markets. Inflation sensitive sectors such as realty and banking were the worst affected.
Realty shares such as HDIL tumbled by 24.96 per cent, Ind Bulls Real Estate by 7.36 per cent, DLF by 5.55 per cent, Unitech by 5.35 per cent, Sobha Developers by 5.20 per cent and Penland Ltd by 5.24 per cent.
It is feared that a slowdown in economy would result into lower demand for real estate, leaving the developes high and dry.(PTI)
v.krishnamoorthy
A review of yesterday trading
Posted by : Leave it.Tracked by: 0 Boarder
Sensex plunges by 435 pts on inflation worries
After posting a modest gain yesterday, the markets nosedived today with the benchmark Sensex dipping by over 430 points on heavy selling in interest-sensitive banking and reatly stocks.
Marketmen said selling trend returned ahead of the release of inflation data as investors anticipated the rate of price rise to go up further. Naturally, RIL will have to shed more points.
The market yesterday snapped five days of selling pressure to post a gain of over 100 points. The 30-share Sensex on the Bombay Stock Exchange settled the day at 14,243.73, a loss of 434.50 points, or 2.96 per cent, from its previous close.
The National Stock Exchange index Nifty also lost 131.90 points, or 2.99 per cent, to close at 4,283.85.
Market participants said investors adopted a cautious stance amid a possibility of further rise in inflation following approval to an average 21 per cent salary hike to the government employees.
A weakness in in Asian and European equity markets also impacted the trading sentiment in domestic bourses, they said. Asian indices fell sharply by about 0.77 per cent to 3.63 per cent while European markets were trading substantially lower in their morning session.
They said investors looked worried about the financial crisis across the world that could drag G-7 nations into a recession and have cascading impact on global markets. Inflation sensitive sectors such as realty and banking were the worst affected.
Realty shares such as HDIL tumbled by 24.96 per cent, Ind Bulls Real Estate by 7.36 per cent, DLF by 5.55 per cent, Unitech by 5.35 per cent, Sobha Developers by 5.20 per cent and Penland Ltd by 5.24 per cent.
It is feared that a slowdown in economy would result into lower demand for real estate, leaving the developes high and dry.(PTI)
v.krishnamoorthy...
BUY RELIANCE 2310 CALL AT 25
Posted by : marketbearTracked by: 1 Boarder
unwise to buy any call at this point of time except Ranbaxy Laboratories...
In reply to:
BUY RELIANCE 2310 CALL AT 25
Posted by :
STOCKSTAR
BUY RELIANCE 2310 AUGUST CALL AT 25 SL O TARGET 50/75
50:50 J V with Brazilian Co
Posted by : rvk41Tracked by: 0 Boarder
Reliance Industries (RIL), India`s largest private company, and Brazilian Energy company Petroleo Brasileiro (Petrobras) are in talks to set up joint ventures (JV) for two petrochemical complexes, reports Business Standard.
The companies are discussing possibility of setting up petrochemical complexes at Pernambuco a north-eastern state in Brazil as well as in Roberto Costa in the south-eastern state of Rio de Janeiro.
The companies are looking for a 50-50 joint ventures and the JV will require a total investment of around USD 6 billion.
Petrobras is interested in RIL`s experience in the petrochemicals segment and RIL is interested to export petrochemicals to Latin American countries.
For information,with regards
rvk41...
BUY RELIANCE 2310 CALL AT 25
Posted by : panasonicTracked by: 1 Boarder
downside unlikely in reliance....
In reply to:
BUY RELIANCE 2310 CALL AT 25
Posted by : Guest
Hi Joker,
Don\\`t misguide to others.
BUY RELIANCE 2310 CALL AT 25
Posted by : GuestTracked by: 1 Boarder
Hi Joker,
Don\\`t misguide to others....
In reply to:
BUY RELIANCE 2310 CALL AT 25
Posted by : STOCKSTAR
BUY RELIANCE 2310 AUGUST CALL AT 25 SL O TARGET 50/75
BUY RELIANCE 2310 CALL AT 25
Posted by : STOCKSTARTracked by: 1 Boarder
BUY RELIANCE 2310 AUGUST CALL AT 25 SL O TARGET 50/75...
Tracked by: 0 Boarder
Hi,
Wednesday August 20, 08:22 PM
Reliance\'s petrol, LPG sales hit by plant problem
By Nidhi Verma and Seng Li Peng
NEW DELHI/SINGAPORE (Reuters) - Reliance Industries has delayed export of at least one gasoline cargo and cut liquefied petroleum gas sales due a problem at its fluidised catalytic cracking unit (FCCU), oil trade sources told Reuters on Wednesday. ...
sell
Posted by : murajichandraTracked by: 0 Boarder
then what will happen to rnrl tommorrow ?...
In reply to:
sell
Posted by : marketbear
Sell Reliance for the day for lower target of atleast 2205 for the day. Stock can even fall upto level of 2160-2170 over next couple of sessions and end the week on weak note
China Up 7.63% - FII Movements?
Posted by : bhusbhacTracked by: 0 Boarder
All Asian markets were up today and the one to note is China which was up as much as 7.63%! Chinese markets have been much more oversold than Indian markets and if this kind of movement UP might indicate FII interest then it is only a question of time when we might see a sudden UP move in Indian markets.
Apart from inflation and a little slowdown there is not much damage and change of fundamentals in our markets. Our markets are ready to takeoff anytime these factors stabilise.
Should FIIs start their activity in our markets there will be a sudden surge and we should see a remarkable quick recovery since Indian Rupee will appreciate and our balance of payment position will improve dramatically. If FIIs delay their entry the maximum time frame we see our markets go up by 10-15% is teo months and new peaks around 6 to 8 months with domestic investors alone.
From the viewpoint of FIIs our markets are already much too attractive.
So do we wait for a sudden surge of over 10% before we start investing? FII movement may not be a subject matter of economists who look at inflation and slowdown from a different viewpoint.
...
sell
Posted by : K.N.Pillai16968Tracked by: 0 Boarder
Thank you for clarifying your points in favour of your predicting a fall in the price of this share. Anyway the general principle must be whenever something is predicted especailly when it is bad to the stock it is better to support the argument with facts so that it will be easy for others to understand.I only wanted a clear picture on what you said. ...
In reply to:
sell
Posted by : marketbear
Reliance will fall going into expiry as sentiments are not great for the market. It is not my wish. Reliance is also become technically weak as it had already fell below short term support of 2250.
sell
Posted by : marketbearTracked by: 0 Boarder
message is not written by mouth. See a level mentioned which is for short term and you are talking about long term. Long-term investors need not sell. Please understand the call and them comment. Relialnce will fall towards 2160 level before expiry
happy short selling...
In reply to:
sell
Posted by : moon 1
pls shut ur mouth....withought thinking dont make any coments......hold for long term(1yr atleast).....any dips anyone can accumulate RIL..happy investing..
RIL
Posted by : zoombusinessTracked by: 0 Boarder
Swing call buy RIL CMP 2240-44
-s and m...
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