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Moneycontrol.com >> Message Board >> View Messages >> GMR Industries
   You are here :     Moneycontrol     MMB    Stocks      GMR Industries                         Most active discussions of 2006 , 2007 & 2008
Cues from FnO: Short term bounce? (1)   17-Jul-08 12:32Tracked by (0)  
Posted by:   raj_tibs on ( 17-Jul-08 12:32 )
Price : BSE: Rs 151.50 ( -1.46 % ), NSE: Rs. 151.55 ( -1.17 % )
Dear CK

I do not know who were expecting this to be hugely profitable -- gullible investors led by analysts with vested interests? I personally always expected huge pressure on GRM if the crude stays high -- the demand slowdown, in my opinion will hit refiners more than crude oil suppliers, because governments and markets both will put pressure on the refiners.. The suppliers can refuse to lower prices and get away with it.

Regards

-r

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