Reliance Industries

Relance may not fall below 1000....

Posted by : vkk43

Nowadays in Connaught Place also near Regal Cinema.

Relance may not fall below 1000....

Posted by : ravipratap61

BOSS...is n`t stock mkts all over looking like STREET SIDE GANJEE MKT OF CHANDNI CHOWK....aiye aiyea t -shirt at 20 rupees....aiyea aiyea --JEANS sirf 25 rupees me....EQUITIES ARE DOOMED FOR NEXT 10 YEARS.

Relance may not fall below 1000....

Posted by : ravipratap61

BOSS...is n`t stock mkts all over looking like STREET SIDE GANJEE MKT OF CHANDNI CHOWK....aiye aiyea t -shirt at 20 rupees....aiyea aiyea --JEANS sirf 25 rupees me....EQUITIES ARE DOOMED FOR NEXT 10 YEARS.

Reliance can see Rs 540/-

Posted by : B.warren

Anything can happen in this falling market...Nobody can predict when this will stop...Europians, American markets falling almost 10% in a single day!!! So I would like to suggest investors to wait.
I would like to share one story with MMB visitor. When market was falling in May 2006, I instructed my broker to sell everything from my Dmat a/c. To get some profit, I asked him to sell my shares putting first in sellers list.After closing of the market,I foundOne share was not sold( @ Rs9)That Share I sold in next fall in Jan2008 @120...(RNRL)

Relance may not fall below 1000....

Posted by : marketman

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....

Reliance can see Rs 540/-

Posted by : sayaba

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.

Reliance gas block has 40 Tcf gas reserves.

Posted by : kiriti

How positive is this 40 TCF gas reserves news to RIL.Is this 40 TCF gas avialability news new news or old one.

Reliance Industries` prolific D6 block in Krishna Godavari basin off the east coast contains in-place reserves of 40 Trillion cubic feet,
said the firm`s junior partner Niko Resources.

The company has made 20 gas and one oil discovery in the 7,645 sqkm KG-DWN-98/3 or D6 block in deep-sea of Bay of Bengal, said Edward S Sampson, Chairman of Board, President and CEO of Niko in analyst calls.

These discoveries have resulted

Relance may not fall below 1000....

Posted by : bhusbhac

Dear marketman - Reliance facts and figures for the last 5 quarters with EPS every quarter with turnover in brackets.

23.41 (29,453)Q1 2007-08
27.53 (33,402)Q2 2007-08
55.66 (35,880)Q3 2007-08
26.91 (38,697)Q4 2007-08 = Rs 133.51

28.27 (43,050)Q1 2008-09

Now assuming that the advance tax YOY has gone upo by 5% indicates that the earning per share for the next quarter will be close to Rs 30.00 per share. So cannot see the EPS YOY for 2008-09 to be less than Rs 120/- per share. So your assumptions appear to be out by at least 20% since you are assuming a LOSS of over 30% for Reliance!

Also the turnover has gone up to an impressive 43,000 crores.

Also predictions witnessed on this board of Reliance at 1800 then 1650 then 1500 and then 1000 based on DELIVERED PE of 10 (ie Rs 100 EPS x 10) are quite baseless and based on GREAT PESSIMISM. The problem is that when experts and experienced boarders on this MMB make statements without relying on fundamentals can drag down the markets and then the pessimism could become reality. One can see the way the ineterviews on CNBC-TV18 can drag the market down on news based reactions. This is since bringing the markets down will enable for the perople in the KNOW to buy cheaply at a time of their choosing. Due to FIIs exitting it is easy to play on sentiments of the Indian investors as if something is horribly wrong with our fundamentals.

One fine day when the voices become positive the retail investors out there are not going to get a chance since the market will shoot up by 10% - 15% or even 20% when these guys are going to tell you to buy and then after the RETAIL investors have boutght at this level they will call it a RELIEF rally in a BEAR market and the market will tumble again to the extent of bad news global as well as domestic and or both are overplayed!

Dear marketman I sincerely request you to explain why you think the EPS will be only Rs 100 (DELIVERED) and even if so why it cannot be at least 135 going forward in 2008-09. My WORST case scenario is that the EPS will remain at Rs 133 provided the gas production gets further delayed and the next year the stock should cover MINIMUM Rs 180 to a max of Rs 250 due to oil and gas production. In growth terms the stock must rise phenomenally!

That is why I keep saying that the pessimism ingrained in individual Indians clearly show lack of courage, entrepreuship and leadership. On ground zero I dont see much of slowdown as much as the market is reacting. If you are in business assess your OWN business to come to an educated conclusion. Example the REAL estate prices are in reality at the most stagnant only large projects where heavy capital has been borrowed by major companies appear to be in problems which now appear to be short term. Finance Ministry first announced that increase in interest rates going forward is ruled out, then thay have reduced the CRR Rate. Seeing that the commodity markets are crashing all over RBI may soon take a bold step in cutting interest rates drastically as a show of leadeship which I keep talking about.

All markets have been peculiar. Oil crashed from 147 to 87 in relatively less time than our markets crashed 44%. Same is with other commodities. Now the US$ vs INR is high due to FIIs exitting our markets but once this stops Rupee will start appreciating and FII inflows are bound to restart.

We would all have been inconvenienced by 9 to 12 months and for that small inconvenience we are taking out vengeance on ourselves by selling stocks at such cheap prices! Let the FIIs exit at a loss why should we.

If we have confidence and faith in our own markets so will the FIIs and they will be back for sure once they stabilise and now that almost all the bad news imaginable is out in the open we all can take appropriate calls.

Relance may not fall below 1000....

Posted by : bhusbhac

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.