Crude has now fallen below $50 may even touch $40-45 range. It IS NOT LIKELY TO FALL BELOW $40 AS IT MAY NOT BE ECONOMICAL FOR MANY COUNTRIES TO PRODUCE CRUDE AT THAT LEVEL. Therefore, price fall below $40 may not be possible. Crude will also register upswing on any sign of world economy fairing better. It is imperative that we create a very large reserve of crude and petroleum products as soon as possible. This step is in our national interest, it will ensure energy security and also boost our flagging economy by giving boost to steel / cement industry and also create employment. In times of economic slow down development of long gestation and strategic importance projects are the best bet to support economy in short term and create national assets for coming generations....

In a falling market IGL stands out. It had declared good qtrly results. It should be able to maintain ROCE OF ABOUT 40%, RONW OF 30% AND OPM OF 40% DURING FY 08-09. Some 5000-6000 vehicles are converting into CNG per month. CNG consumption is likely to increase in coming months and years. IGL is expanding its distribution network through internal accruals. This stock must be accumulated by investors for good medium to long term returns....

India can benefit hugely from the falling crude prices. Firstly we should create large strategic reserves of crude and petroleum products. These vast reserves will consume huge quantity of steel and cement and help us against any future economic or political black mail, besides ensuring energy stability to certain extent, boost steel and cement industry and provide large scale employment. Secondly Indian E&P cos may go slow in production of crude and gas production- Bombay High Court could help!!! Govt should also extend helping hand by mitigating effects of slow down in production.We can and must drive maximum advantage from falling crude prices....

Crude prices have fallen to below $60 and likely to remain between $50-60 for some time. India has been contemplating building petroleum reserves for some time but high cost of crude prevented the Govt to take any effective step. Now that the crude has fallen, we must take urgent steps to build the reserves to overcome our vulnerability to abnormal price increase, or non availability of oil due political black mail. There is need to build large bulk petroleum installation to cash on drop in crude prices. We must use all existing BPIs to store maximum of petroleum products. I also suggest that Govt hire RILs existing retail outlets to store petrol and diesel to extent possible. However it must undertake construction of very large BPIs to store the envisaged petroleum products to meet emergent future eventualities....

Correction read " Chinese leadership is clever" instead "Chinese are clever people"....

There is need to deal with China in a COMPREHENSIVE manner ie we must sort out all our disputes relating to boarder, trade and political differences at the same time. It must be realized that Chinese are clever people and will strike at Indian interest if these are in conflict with theirs. There is a trade imbalance in favour of China. Our Govt must initiate urgent action to correct this trade imbalance especially when our own CAD is widening. Chinese imports must be kept under strict observation, we Indians must stop using inferior Chinese products even if these items are cheap. I have been writing for some time that CONTAMINATED MILK PRODUCTS ARE FREELY AVAILABLE IN INDIAN STORES. STRONG ACTION IS CALLED FOR. China is predominately export led economy and strong surplus has made this economy even stronger. We have been importing from China at at determinant to our industry. IT MUST BE STOPPED. WE THE COMMON MAN MUST STOP IT. DO NOT BUY "MADE IN CHINA"...

Dear ravi, Book value of the stock is above Rs 80, TTM EPS OF Rs 14.35 and PE of less than 4. Do not believe any one if he tell you that the stock will move up supersonic. Believe in yourself and take a call. I have very positive views on the stock....

Crude has now fallen below $50 may even touch $40-45 range. It IS NOT LIKELY TO FALL BELOW $40 AS IT MAY NOT BE ECONOMICAL FOR MANY COUNTRIES TO PRODUCE CRUDE AT THAT LEVEL. Therefore, price fall below $40 may not be possible. Crude will also register upswing on any sign of world economy fairing better. It is imperative that we create a very large reserve of crude and petroleum products as soon as possible. This step is in our national interest, it will ensure energy security and also boost our flagging economy by giving boost to steel / cement industry and also create employment. In times of economic slow down development of long gestation and strategic importance projects are the best bet to support economy in short term and create national assets for coming generations....

hoist the TIBET flag.not moist u`wear....

Correction read " Chinese leadership is clever" instead "Chinese are clever people"....

Hi,thanks for your valuable comments...now the BV and other fundamentals vaule....and also seen the results of syndicate. But my opinion is that......when it fall sharply and never recover sharply. I am holding because i dont want to sell with losses. do you see any hope or shall i get out of this stock? ...

Dear tally - I need to add that somewhere the FALL has to be arrested. Anyway I think MMB members need to understand that before listening to experts they must learn something about fundamental analysis only then they wll understand teh underlying meaning. As such most members even new to this board using very high funda technical jargon of the stock markets. Without understanding the meaning?...

Dear tally, Thank u for the reply,with regards rvk41...

Dear tally It is renewed interest of FII on this counter as expected,if Nifty crosses a barrier of 3400 than up to 4000 there is minimal rasistance and RIL should lead the rally from front may go to 1650,i know these are very optimistic view and may not come through but i wish it to happen ...