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Reliance Industries
Reliance Industries
Posted by :
zoombusinessTracked by: 1 Boarder
Reliance Industries, With 14.6 Pct Weightage In The Sensex, Is Down 7.28 Pct At 1529 Rupees Per Share...
Reliance
Posted by : zoombusinessTracked by: 0 Boarder
NSE Block Deal
RELIANCE INDUSTRIES 250859 Shares At 1553.50
...
Reliance
Posted by : zoombusinessTracked by: 0 Boarder
NSE BLOCK DEAL
RELIANCE INDUSTRIES 50482 SHARES AT 1512
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Relance may not fall below 1000....
Posted by :
bhusbhacTracked by: 0 Boarder
Dear ashok15 - There is a lot of demand pressure on the dollar since the FIIs have to convert their Indian Rupee share holding to US$ while exitting. So they get less US$ at Rs 48 then when it was at US$ 38.
Conversely once our Indian Rupee has fallen sufficently at some point there will be a reversal and so it becomes attractive for FIIs to invest as their Dollar valuation will go up in time.
However at this point of time I suppose it is beyond my comprehension about the fall in DOW yesterday and the effects it will have worldwide. To my thinking India is quite safe since our banking system is accidentally quite well managed due to our conservative policies.
At some point of time in the near future opportunities should emerge. Let us see whether our Government does the right thing in the immediate foreseeable future. It is to be seen whether India could take some leadership going forward.
I suppose the world would have learnt its biggest lessons of a lifetime. I wonder how the US guys are going to adjust to the current prevalent situation. We in India have been quite used to worst possible problems and Government controls all of the last six decades.
Anyway a new ERA will emerge one day soon. Soon because of the COMPUTER AGE we live in today. Lets go back to the bullock cart economy and the WILD WEST days till then - perhaps for 2 to 3 years....
In reply to:
Relance may not fall below 1000....
Posted by : ashok15
i could not understand why fii inflows will increase when rupee becomes stronger, could u please elaborate, selling pressure on blue chips by fiis seems to be very logical as advocated by u,thanks for your analysis. 
Relance may not fall below 1000....
Posted by : marketmanTracked by: 0 Boarder
Dear ashok,many fiis desperately need money,they are cleaning their demat accounts in india.... they are not at all seeing any other factors at the moment.... we investors geting into deep troubles due to their behaviour.......
In reply to:
Relance may not fall below 1000....
Posted by : ashok15
i could not understand why fii inflows will increase when rupee becomes stronger, could u please elaborate, selling pressure on blue chips by fiis seems to be very logical as advocated by u,thanks for your analysis.
Reliance can see Rs 540/-
Posted by : sayabaTracked by: 0 Boarder
Before disputes in Ambani brothers, the actual price of Reliance was around Rs 540/-. The sensex had moved from around 6000+ to 21000+, only because of Reliance`s move from Rs 540/- to Rs 3200/-+.
Now, Reliance had converted its debts into equity which resulted in enhancement of equity base. So, it is sure that the share price of Reliance have to come down in proportion to increase in equity base. Moreover, global markets are nose diving daily, so sensex have to follow them, hence the share price of Reliance too have to go down.
Fall in share price of Reliance contributes major fall in sensex. So, sensex too is likely to see its previous level i.e. 6000+. Therefore, one should be careful with their investments in the days to come. Thanks....
India Inc to Govt: Release Rs 100,000cr.
Posted by :
panasonicTracked by: 0 Boarder
NEW DELHI: The government should inject Rs 1,00,000 crore, and reduce the cash reserve ratio (CRR) and the repo rate to infuse liquidity in the economy and ensure that India remains insulated from the global financial meltdown, apex industry bodies said today.
As part of a confidence-boosting package for the industry, Ficci asked the government and Reserve Bank of India (RBI) to immediately consider reduction in CRR and repo rate by 100 and 150 basis points, respectively, over the next three months.
Measures such as easing of registration norms, relook at the oarticipatory notes (P-notes) policy and further increase in the limit on investments in the corporate debt market would ease FII inflows in the market, it said.
"Ficci`s latest survey, results of which were released a few days back, showed that nearly 75% of the companies agreed that banks had tightened their credit disbursal norms over time, and that this has impacted availability of funds for the corporate sector. Further, given the high interest rate scenario, nearly 48% of the companies mentioned that they were considering rescheduling or postponing some of their project investments," the release added.
The release said: "Ficci believes that while the inflation rate is still hovering around the 12% mark, the worst seems to be over on this front. Already, given the significant demand destruction that has taken place globally due to the slowdown, the price of oil, commodities and agricultural products have retraced their path. Therefore, now is the time to shift focus away from the inflation issue and change gears towards addressing the slowdown in growth on the back of a significant and widespread credit crunch."
Assocham appealed to Prime Minister Manmohan Singh to immediately take bold measures by injecting Rs 1,00,000 crore liquidity in the economy.
In its message, it said that foreign institutional investors should be encouraged to invest in Indian corporate bonds beyond the current limit to an extent of $10 billion with a lock-in of inflows for one year.
CII demanded further easing of the external commercial borrowings (ECB) norms and removal of the interest rate cap on Non Resident Indian Deposits.
"While the recent relaxations of ECB guidelines for companies in the infrastructure sector are welcome, the government must allow all companies that are investing in new capacities to access foreign debt," it added.
All projects with cost in excess of $500 million should be allowed to borrow up to $150 million for meeting rupee capital expenditure, it said.
It has further recommended setting up of an exclusive fund for creating liquidity in the capital market.
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Relance may not fall below 1000....
Posted by : ashok15Tracked by: 0 Boarder
i could not understand why fii inflows will increase when rupee becomes stronger, could u please elaborate, selling pressure on blue chips by fiis seems to be very logical as advocated by u,thanks for your analysis....
In reply to:
Relance may not fall below 1000....
Posted by : marketman
Dear bhus, everything is ok in your message.... but market is not sparing any counter at the moment.... this is one of the very few counters that fiis are still sitting on huge prfits.... to meet commitments at their home,fiis may continue to be selling this scrip for realisation of cash.... pl note that in counter like reliance,money can be realised very easily....
Relance may not fall below 1000....
Posted by : knairTracked by: 0 Boarder
marketman,
This refers to your reply to yagneswar:
Any story is not good enough to add cream to any stock in a bear mkt, whether it is RIL or L&T for that matter.
The point that took my attention is that :rpl is a big burden for ril". Brcoz RIL was moving up in the last bull mkt, rpl also went along with it creating story after story. When ril sold rpl shares at around 204 (after touching around 290), the indication was clear.
But the smart FII channelists in cahoot with our great brokerage house experts spread a red carpet for the innocent investors to be with rpl, simply becoz it was going to start soon. Starting it soon but the moment it goes critical, the stock has to fall back to its ipo price (I don`t know how I am getting this gut feeling).
Since ril is spreading wings everywhere, it is under its own pressure. RPL is certainly increasing the burden. To tide over it, ril may have to cover up it and may go in for a merger with it.
Looking for that. But no more addition even it falls to 60 or so. Better to accumulate ril when it dips to around 1000-1100 level.
It may not be happeningh immediately. But it will have to after giving some slow poison to the wounded investors.
knair...
In reply to:
Relance may not fall below 1000....
Posted by : marketman
In bear markets,these types of just stories do not work.... rpl is a big burden to ril.... it is better if they merge it immediately to the ril....
Can RIL go to 1200 levels?
Posted by : GuestTracked by: 0 Boarder
Hi,
If you see the overall globaal situation you will find this level in a short period....
In reply to:
Can RIL go to 1200 levels?
Posted by : curious cat
Given the current world scenerio... is it possible that RIL could touch 1200 levels sometime???
Relance may not fall below 1000....
Posted by : bhusbhacTracked by: 0 Boarder
Dear marketman - Now I understand from you that the downward targets are based on FIIs exitting at losses (low rate + high dollar rate) and not necessarily on the fundamentals of the companies and markets. FII investements have been more since past two years so they can longer be at profit selling such huge quantities at the current prices.
I hope none of the Indian investors are offloading at losses.
So an explanation that you might expect Reliance at Rs 100 eps x PE of 10 = Rs 1,000/- as a possible valuation is due from you. Personally I cannot say it just may happen but unless I have solid proof of this I would not go about giving such preditions on this message board for the simple reason that this kind of information although may have been well intended will bring down the market much more than necessary. Despite all positives and turnaround on the crude front we are still tanking! This in turn could just be the cause for the Indian companies to underperform rather than the other way around.
If education is in the right direction on this MMB then informed investments will flow in and we have a very good upturn which should be more interesting and profitable for all of us if we all agree that the downside is much more limited than the upside....
In reply to:
Relance may not fall below 1000....
Posted by : marketman
Dear bhus, everything is ok in your message.... but market is not sparing any counter at the moment.... this is one of the very few counters that fiis are still sitting on huge prfits.... to meet commitments at their home,fiis may continue to be selling this scrip for realisation of cash.... pl note that in counter like reliance,money can be realised very easily....
Reliance Industries slips further
Posted by : GuestTracked by: 0 Boarder
reliance is hero of the market. it will fall less then sensex and not give you loss in long time investment.
K K Mundra,Jaipur...
In reply to:
Reliance Industries slips further
Posted by : MMB Messenger
Reliance Industries has touched a 52-week low of Rs 1,703. At 11:14 am, the share was quoting at Rs 1,720.90, down Rs 40.05, or 2.27%. The company has alloted 12 crore shares to promoters on exercise of warrants, lock-in period of 3 years, reports CNBC-TV18. It was trading with volumes of 601,974 shares.
Reliance Industries slips further
Posted by : MMB MessengerTracked by: 0 Boarder
Reliance Industries has touched a 52-week low of Rs 1,703. At 11:14 am, the share was quoting at Rs 1,720.90, down Rs 40.05, or 2.27%. The company has alloted 12 crore shares to promoters on exercise of warrants, lock-in period of 3 years, reports CNBC-TV18. It was trading with volumes of 601,974 shares....
Relance may not fall below 1000....
Posted by :
MilindKTracked by: 0 Boarder
Dear Moderator,
Today morning I posted a message on reliance. Still it is not published. What`s wrong with it? MAy I know? Would you please do it?
This wait is frustrating. Please do it now....
In reply to:
Relance may not fall below 1000....
Posted by : marketman
Dear bhus, everything is ok in your message.... but market is not sparing any counter at the moment.... this is one of the very few counters that fiis are still sitting on huge prfits.... to meet commitments at their home,fiis may continue to be selling this scrip for realisation of cash.... pl note that in counter like reliance,money can be realised very easily....
Relance may not fall below 1000....
Posted by : marketmanTracked by: 0 Boarder
Yes ravi,many analysts thinking so, fiis may continue to pull the rugs in coming sessions.... sub 10000 level is very much visible in coming days.... all front line stocks still under fii selling pressure.......
In reply to:
Relance may not fall below 1000....
Posted by : ravipratap61
YES Sir...RELIANCE, bhel, larsen,dlf,sbi, icici, rel cap, and other sensex scrips are in danger as MOST FIIs have big holdings in them as
now europe is also feeling the heat along with usa we r seeing bigger out flow and making these blue chips more vulnerable to deep price cuts in weeks to come with sensex seeking sub 10000 level.
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