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Reliance Industries
Reliance may not fall below 1700 in 2008
Posted by :
vam_aruTracked by: 2 Boarders
Monday if we were trade lower because of the global cues , reliance can come down to 2100 again.
Regards
Aru...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : vam_aru
Correct, but generally markets move in tandom, when you see if some NIFTY stock aflling badly, other stocks will also start to have a little weakness, see today how all the stocks are gone up, even today why reliance has to be up 3 % if it has so much bad news.? 
Who will be the big looser MUkesh Ambani Or Anil Ambani ?
Posted by : 9975797577Tracked by: 0 Boarder
Reliance Industries will transfer 80% of its participatory interest in the D-6 block of the Krishna-Godavari Basin to four unlisted subsidiaries, The Economic Times reported today.
There may be some concern on the ownership pattern and RIL's share in the block when the restructuring takes place. There is continuous selling in the counter, and it looks like institutions are selling. However, analysts are of the view that the transfer of stake is likely to be a positive in the long-term. The news is long-term positive as when the company plans to divest or de-merge its E&P (exploration and production) business, the process may get simpler.
Reliance Industries Ltd. is set to begin crude oil production from MA field in its gas-rich D6 Block in offshore Krishna-Godavari Basin next month and has already taken delivery of the production vessel for the purpose. We expect to begin initial production by the middle of September and will slowly ramp up the output. He said initial production would be around 15,000-20,000 barrels oil per day from the two existing production wells--P1 and P2.
RIL is investing around $2 bln in developing the oil field, which is expected to achieve a plateau production of 40,000 barrels a day of oil and 315 mln cu ft per day of associated natural gas. The MA field has a production profile of 11 years.
Reliance is growing thick and fast.....so for all those who think reliance is going down, watch out and think before you conclude.
--------
PJ...
In reply to:
Who will be the big looser MUkesh Ambani Or Anil Ambani ?
Posted by : investor11
RIL is in talk with France major for nuclear power gerator,you would see NSG clearing India US nuclear deal on 4th sept,Mukesh has better forsight than his father .End of Reliance legacy is far from reality they grew and will grow arrespective of any ones comments.Target for RIL is 2500+ by the end of this month.
Reliance may not fall below 1700 in 2008
Posted by :
NODIKTracked by: 2 Boarders
Definately not, what you are presuming. I am not gr8 connosier of Reliance as such, but MY study & history reflects that, what so ever may happen, the market moves with the rel pack, up or dn as the case may be. If the flow of news for reliance is negative, it ultimately affects the whole mkt This is the truth , UNLESS 'KOSI' CHANGES ITS ROUTE AS IN BIHAR ....
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : marketbear
definitely need not. Only reliance cannot change the direction of the market. If such negative news continue to flow on in future then market will not pay attention to that stock and other stocks will drive market up as it has happened so many times. Reliance has around 12% weightage in nifty that means you are underestimating other who command 88% of weightage according to me
Who will be the big looser MUkesh Ambani Or Anil Ambani ?
Posted by : investor11Tracked by: 0 Boarder
RIL is in talk with France major for nuclear power gerator,you would see NSG clearing India US nuclear deal on 4th sept,Mukesh has better forsight than his father .End of Reliance legacy is far from reality they grew and will grow arrespective of any ones comments.Target for RIL is 2500+ by the end of this month....
In reply to:
Who will be the big looser MUkesh Ambani Or Anil Ambani ?
Posted by :
sankarcj
Symptoms of Reliance fall is on the door.Cheverlon will Swallo RPL.No trial run during September as announced. Anil is planning to sell off RNRl.The end of Reliance era in India is near.
Who will be the big looser MUkesh Ambani Or Anil Ambani ?
Posted by : sankarcjTracked by: 0 Boarder
Symptoms of Reliance fall is on the door.Cheverlon will Swallo RPL.No trial run during September as announced. Anil is planning to sell off RNRl.The end of Reliance era in India is near....
Reliance may not fall below 1700 in 2008
Posted by : vam_aruTracked by: 2 Boarders
Correct, but generally markets move in tandom, when you see if some NIFTY stock aflling badly, other stocks will also start to have a little weakness, see today how all the stocks are gone up, even today why reliance has to be up 3 % if it has so much bad news.?...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : marketbear
definitely need not. Only reliance cannot change the direction of the market. If such negative news continue to flow on in future then market will not pay attention to that stock and other stocks will drive market up as it has happened so many times. Reliance has around 12% weightage in nifty that means you are underestimating other who command 88% of weightage according to me
Reliance-your ticket to riches.
Posted by : ssuresTracked by: 0 Boarder
How many times has one heard the adage for the last 10 yrs. and more-India story is reliance story.If you\\\\\\`re betting on India as the emerging economy that will outperform most others then,Reliance will fetch phenomenal returns over next two to three years.It will be too naive to think of further lows than CMP when price targets talked about in knowledgable circles is around 4500 to 5000....
Reliance may not fall below 1700 in 2008
Posted by : investor11Tracked by: 2 Boarders
Dear guest i hope you have seen today this has happened ...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : Guest
Will not happen.....market is still in trouble
Reliance may not fall below 1700 in 2008
Posted by : marketbearTracked by: 2 Boarders
definitely need not. Only reliance cannot change the direction of the market. If such negative news continue to flow on in future then market will not pay attention to that stock and other stocks will drive market up as it has happened so many times. Reliance has around 12% weightage in nifty that means you are underestimating other who command 88% of weightage according to me...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : NODIK
It is a similar story with others as well, which you have mentioned. You mean to say reliance will go down & sbi, sail & others will go up in the same period. All these stocks are shaddows of each other, if reliance will fall , the others you have mentioned will also fall by same %age sooner or later.
Reliance
Posted by : zoombusinessTracked by: 0 Boarder
RIL gets $400 mln US EX-IM Bank loan guarantee for equipment buy
The Export-Import Bank of the U.S. has approved a $400 mln
long-term loan guarantee to Reliance Industries Ltd. for exporting equipment
and services from the U.S. for its onshore and offshore oil and gas
exploration and production activities in the Krishna-Godavari Basin.
\"RIL will use the EX-IM Bank-guaranteed financing for its purchases of
U.S. engineering services, oil field equipment, offshore platform support, and
drill and well services,\" the bank said in a statement.
RIL is currently in the development stage of two major gas fields in the
D6 Block in offshore Krishna-Godavari Basin along with onshore infrastructure
for processing and market the gas, including a cross-country East-West gas
pipeline.
RIL holds 90% operating interest in the D6 Block, while Canada\'s Niko
Resources holds the remaining 10%.
The company plans to start oil production from D6 Block next month, while
gas production is expected to begin later this year. Dhirubhai 1 and Dhirubhai
3 fields in the D6 Block hold gas reserves of around 14.5 trln cu ft.
Besides D6 Block, RIL is also undertaking exploration activities at other
blocks in the basin.
EX-IM Bank said a small portion of the financing will also be used at
Reliance Petroleum Ltd.\'s upcoming 29-mln-tn refinery unit at Jamnagar,
Gujarat.
The refinery project, housed in a special economic zone, had previously
received $500 mln loan guarantee from EX-IM Bank in 2007.
\"The primary U.S. exporters for this transaction, mostly based in the
Houston area, include Bechtel Corp., J. Ray McDermott Inc., and Canyon
Offshore Inc., among others,\" the statement said.
nw18-
...
Reliance
Posted by : zoombusinessTracked by: 0 Boarder
Exim Bank of the US has approved a $400-million loan guarantee to Reliance Industries (RIL) to import equipment and services for oil and gas exploration and production work in the Krishna Godavari basin.
“RIL will use Export-Import Bank\'s guaranteed financing for its purchase of US engineering services, oil field equipment, offshore platform support and drill and well services,” the bank said in a press release.
The company is investing over $4.3 billion in phase-I to bring to production oil and gas it found in deep-sea off the Andhra coast. The bank said a small portion of the financing would also be used to support work at the under-construction export-oriente d refinery at Jamnagar in Gujarat.
The 580,000 barrels per day unit had received support from the bank last year. “Primary US exporters for this transaction... include Bechtel Corp, J Ray McDermott Inc and Canyon Offshore Inc among others,” it said.
Exim Bank has identified India as a key market for its export financing. In April this year, it established the Indian Infrastructure Facility to support US exports to Indian projects in sectors such as power, oil and gas, airport and seaport development , railway and urban transit.
The facility now includes nine Indian financial institutions and has a financing capacity of $2.45 billion. “India is a market with enormous prospects and Exim Bank is pleased to support this large energy-development transaction on behalf of American exp orters. Our support helped make their exports competitive in the face of significant international competition backed by foreign export-credit agencies,” Exim Bank Chairman and President Mr James Lambright said. - PTI
...
Markets Stabilising - FII Losses
Posted by : bhusbhacTracked by: 0 Boarder
As observed there were more than ONE positives in the market today and it shot up nearly 150 points on the NIFTY. September (acutally end of August) are the months when our markets start to pick up as seen in the last bull run. End of the month the NIFTY picked up today and it should spiral upwards throughout September and most probably right upto middle January. Major reasons the harvest season is approaching, power generation is up, there will be advance tax payments by the corporates which will be known before middle of September and markets will first move up in anticipation of the results and if the results are even fairly good that would be a great positive. We will be getting further news of the Nuclear Deal.
The only point of worry is crude however it is for the bears to take the brunt of the worries and not the bulls.
Once again there can be no gains without the risks but the possible rewards far outweigh the risks since with each rally as we have seen today the downside of the market keeps shifting upwards.
I do not see much bad news going forward. The GDP of USA also ensures that there will be more IT business down the line for us so investments in IT would also be desirable from now onwards....
In reply to:
Markets Stabilising - FII Losses
Posted by : bhusbhac
A few more words. The spectacular BULL run last year was from September onwards right upto January.
September is considered the BEST month of the year worldwide. So COME SEPTEMBER and we are hopefully bang on target although we may take some time to fully recover.
So best of luck.
Reliance may not fall below 1700 in 2008
Posted by : NODIKTracked by: 2 Boarders
It is a similar story with others as well, which you have mentioned. You mean to say reliance will go down & sbi, sail & others will go up in the same period. All these stocks are shaddows of each other, if reliance will fall , the others you have mentioned will also fall by same %age sooner or later. ...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : marketbear
Reliance will touch level of 1925-1950 going forward in short term
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Posted by : GuestTracked by: 0 Boarder
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Reliance may not fall below 1700 in 2008
Posted by : marketbearTracked by: 2 Boarders
Reliance will touch level of 1925-1950 going forward in short term...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : NODIK
marketbear you sing well, Sail is good reliance is bad, this is good, that is bad,this is bubble that is rock. I appriciate your rythm , fully syncorized with the system. I think it doesn take much time to turn bubble into rock & vise versa.
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