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Reliance Natural Resources
IDFC quick short term profit of 12-15%
Posted by :
fekamfaakTracked by: 0 Boarder
Invest in IDFC for a quick short term profit of 12-15%.
Happy investing
Cheers....
financeandstockadvisor.blogspot(dot)com
Posted by :
GuestTracked by: 0 Boarder
market mood is un decisive and need to be stabilize to make trade further and trade for gains...
Rnrl and Rs 500
Posted by : GuestTracked by: 0 Boarder
Yesterday I received the RNRL annual report and I have read lot of information about RNRL and its future plan. The AGM date is 23.09.2008.
Cheers.,
Reliance Lover
...
In reply to:
Rnrl and Rs 500
Posted by : Guest
RIL became dishonest after gas prices soared PTI Tuesday, September 02, 2008 20:13 IST
MUMBAI Anil Ambani Group company RNRL on Tuesday alleged in the Bombay High Court that Reliance Industries became dishonest when the prices of natural gas and crude oil rose sharply towards the beginning of 2006, a charge objected by Mukesh Ambani-led RIL.
They became dishonest only in January 2006 because then the prices of gas began to rise in the international market, Ram Jethmalani, lawyer for RNRL said in Bombay High Court during a hearing on the case over gas supply agreement.
Taking a strong objection RIL Milin Sathe said these allegation were being made for the first time in this case.
Jethmalani on Tuesday alleged that the price, duration of gas supply and its quantity were not disputed by the RIL during the preliminary talks between June 2005 and December 2006.
RNRL says that RIL is bound to supply it with gas at USD 2.34 per British Thermal Unit the price at which RIL won NTPCs bid for gas supply. RIL contends that at this price it will suffer heavy losses.
Jethmalani on Tuesday said that early on RIL did not object to this price, but dishonesty started as the price graph took a sharp turn in 2006 January, when the disputed Gas Supply Master Agreement (GSMA) was signed.
RNRLs case is that as per the MOU between the two brothers and their mother Kokilaben Ambani prior to the demerger of Reliance, the GSMA should be on the same terms as RIL\\`s contract with the National Thermal Power Corporation.
RIL says that MOU is not binding on it.
During the arguments, Jethmalani also alleged that RIL, in collusion with babus in the petroleum ministry, revised the cost of its exploration plant in Krishna Godavari basin.
RIL lawyer Milind Sathe took a strong objection to this, saying that these allegations were being raised for the first time in this case.
But Mukul Rohatgi, who too is representing RNRL, added that while earlier RIL put the cost at Rs 20,000 crore, later it was revised with a sanction from government to Rs 36,000 crores.
The (government) department is in your pocket, said Rohatgi.RIL is entitled to recover its investment and operation costs by claiming proportionate share of gas produced from the KG fields.
Earlier, the division bench of Justices J N Patel and K K Tated indicated that court might want to have a look at part of the MoU that deals with gas supply agreement.
We will direct you to produce MoU if we think it is required, court said, asking parties to make submissions on this point at the next hearing, on September 30.
Jethmalani said that Anil Ambani group has unsigned copy of the MoU, which it can produce.
However, RIL lawyer said that MoU was not a part of the record from the beginning. Let RNRL file an application for producing it, then we will take a stand on the issue, said advocate Sathe.
Earlier, single judge of the High Court had ruled that the MOU was binding, and GSMA should adhere to it.
multibaggerstockadvisor.blogspot(dot)com
Posted by : GuestTracked by: 1 Boarder
sorry guys, it is all over... Nifty will come down to 3200 or below and this stock to about 45...just look at the DOW and NASDAQ, complete complete collapse......
In reply to:
multibaggerstockadvisor.blogspot(dot)com
Posted by : Guest
its long time we are away from the market with a hope to get in after market reaches its stability but now its too late to keep waiting
multibaggerstockadvisor.blogspot(dot)com
Posted by : GuestTracked by: 1 Boarder
its long time we are away from the market with a hope to get in after market reaches its stability but now its too late to keep waiting...
Mukeshs silence Anils gains
Posted by : GuestTracked by: 0 Boarder
RNRL wants Ambani split pact out, RIL says not yet
3 Sep, 2008, 0000 hrs IST, ET Bureau
MUMBAI The famous but unseen family agreement, or the memorandum of understanding (MoU), which preceded the division of the Reliance empire between the Ambani brothers three years ago, took the centre-stage in the Bombay High Court on Tuesday. While hearing the case between Mukesh Ambani's Reliance Industries (RIL) and Anil Ambani's Reliance Natural Resources (RNRL), the high court asked if the brothers are willing to produce the MoU in the court. ET on August 2 reported that Ambani divorce papers may soon be in public domain.
RNRL counsel Ram Jethmalani has informed the court that his client is ready to produce the MoU. He added that RNRL could produce the unsigned copy of the document as the signed version is with Kokilaben Ambani, mother of the Ambani brothers, who had played a crucial role in dividing the empire in June 2005.
However, RIL counsel was not in favour of making the family document public. Milind Sathe, counsel for RIL, cited reasons why the MoU was not produced earlier in the court. To this, Justice JN Patel of the division bench asked whether a part of the MoU may be made available to the court. We don't want the whole MoU. We just want to see the part of the MoU which is relevant to the gas issue, Justice Patel said.
Mr Sathe objected to this idea. He said, RNRL must file a separate application if it wanted to produce the MoU, which is part of the record until now. Only then, RIL take a stand on it. Mr Jethmalani was quick to react, saying Technical objections by RIL to the production of MoU are intended to defeat justice.
Mukul Rohatgi, another counsel of RNRL, cited a Supreme Court judgment to explain that the appellate court has unfettered powers to call for production of any document which helps the cause of justice.
However, the court did not seek to see the MoU immediately.If in the course of the arguments, we find the MoU necessary, we will direct you to produce it, said the division bench. The court, while adjourning the hearing for September 30, asked the parties to make submissions as to whether the MoU, which was not a part of the record before the earlier judge, could be admitted as evidence at this stage.
Cheers
...
Rnrl and Rs 500
Posted by : GuestTracked by: 0 Boarder
RIL became dishonest after gas prices soared PTI Tuesday, September 02, 2008 20:13 IST
MUMBAI Anil Ambani Group company RNRL on Tuesday alleged in the Bombay High Court that Reliance Industries became dishonest when the prices of natural gas and crude oil rose sharply towards the beginning of 2006, a charge objected by Mukesh Ambani-led RIL.
They became dishonest only in January 2006 because then the prices of gas began to rise in the international market, Ram Jethmalani, lawyer for RNRL said in Bombay High Court during a hearing on the case over gas supply agreement.
Taking a strong objection RIL Milin Sathe said these allegation were being made for the first time in this case.
Jethmalani on Tuesday alleged that the price, duration of gas supply and its quantity were not disputed by the RIL during the preliminary talks between June 2005 and December 2006.
RNRL says that RIL is bound to supply it with gas at USD 2.34 per British Thermal Unit the price at which RIL won NTPCs bid for gas supply. RIL contends that at this price it will suffer heavy losses.
Jethmalani on Tuesday said that early on RIL did not object to this price, but dishonesty started as the price graph took a sharp turn in 2006 January, when the disputed Gas Supply Master Agreement (GSMA) was signed.
RNRLs case is that as per the MOU between the two brothers and their mother Kokilaben Ambani prior to the demerger of Reliance, the GSMA should be on the same terms as RIL\\`s contract with the National Thermal Power Corporation.
RIL says that MOU is not binding on it.
During the arguments, Jethmalani also alleged that RIL, in collusion with babus in the petroleum ministry, revised the cost of its exploration plant in Krishna Godavari basin.
RIL lawyer Milind Sathe took a strong objection to this, saying that these allegations were being raised for the first time in this case.
But Mukul Rohatgi, who too is representing RNRL, added that while earlier RIL put the cost at Rs 20,000 crore, later it was revised with a sanction from government to Rs 36,000 crores.
The (government) department is in your pocket, said Rohatgi.RIL is entitled to recover its investment and operation costs by claiming proportionate share of gas produced from the KG fields.
Earlier, the division bench of Justices J N Patel and K K Tated indicated that court might want to have a look at part of the MoU that deals with gas supply agreement.
We will direct you to produce MoU if we think it is required, court said, asking parties to make submissions on this point at the next hearing, on September 30.
Jethmalani said that Anil Ambani group has unsigned copy of the MoU, which it can produce.
However, RIL lawyer said that MoU was not a part of the record from the beginning. Let RNRL file an application for producing it, then we will take a stand on the issue, said advocate Sathe.
Earlier, single judge of the High Court had ruled that the MOU was binding, and GSMA should adhere to it.
...
Tracked by: 0 Boarder
where is rnrl heading from here on , i have taken 250 shares @ 195 , i can hold for maximum i year , if exit then what price or to add more is the better option ....
RNRL TARGET 500
Posted by :
sathyakTracked by: 1 Boarder
yes RNRL will reach 500/- with in 3 to 4 months and the ril and rnrl will be in favour of rnrl it is not dreaming its true going to happen...
In reply to:
RNRL TARGET 500
Posted by : S. K. Jha
its seems to bt that RNRL case will be in favour of RNRL.
And target 500 will be achived very very soon
multibaggerstockadvisor.blogspot(dot)com
Posted by : GuestTracked by: 0 Boarder
after crossing such a long time without any gains in the market in thius prelonged correction this is high time to get engaged in a multi bagger stock to recover...
RNRL TARGET 500
Posted by : GuestTracked by: 1 Boarder
This case is for sure not going to be settled with in the court alone. The only way to settle the RIL-RNRL dispute is only through dialogues and negotiations. In that case both parties will have to sacrifice a bit.
Hence the Share value of RNRL will be in the range 90 – 100 , the whole year unless otherwise something new concrete development should take place.
So all the boarders who dream for 300 or 500 or even 200, will be dreaming throughout the year.
RNRL should be sold on every rise and some of the best bet in the current scenario are the fundamental stock IS like OF L&T, RIL, BHEL, RCOM, INFOSYS.
...
In reply to:
RNRL TARGET 500
Posted by : Guest
It is possible my dear friend. Mr.Mukesh did not tell anything perfect in his side of argument. Whereas Anil side is getting very strong. In Mukesh side no one can deny that Mou is fraud and it has written without the knowledge of Mukesh. There is a deep silent in the RIL side about what will do. RNRL has been created by a strong and detailed Mou. So it should be given life by RIL.
Cheers
Reliance Lover
RNRL TARGET 500
Posted by : Kale keddaTracked by: 1 Boarder
hello jha jee,
Ambani brothers do not want that MR.S.K.Jha also became an (arabpati)just like them the case will be never resolve. This is their personsal issue .Lots of investor are trapped in this RNRL& RIL issue....
In reply to:
RNRL TARGET 500
Posted by : S. K. Jha
its seems to bt that RNRL case will be in favour of RNRL.
And target 500 will be achived very very soon
RNRL TARGET 500
Posted by : GuestTracked by: 1 Boarder
It is possible my dear friend. Mr.Mukesh did not tell anything perfect in his side of argument. Whereas Anil side is getting very strong. In Mukesh side no one can deny that Mou is fraud and it has written without the knowledge of Mukesh. There is a deep silent in the RIL side about what will do. RNRL has been created by a strong and detailed Mou. So it should be given life by RIL.
Cheers
Reliance Lover...
In reply to:
RNRL TARGET 500
Posted by : shettyp
Please stop day dreaming & mis leading the people.....Thanks
multibaggerstockadvisor.blogspot(dot)com
Posted by : GuestTracked by: 0 Boarder
markets are reacting at every positive and negative news and its tough to judge the immediate reaction in short term...
RNRL TARGET 500
Posted by : shettypTracked by: 1 Boarder
Please stop day dreaming & mis leading the people.....Thanks...
In reply to:
RNRL TARGET 500
Posted by : S. K. Jha
its seems to bt that RNRL case will be in favour of RNRL.
And target 500 will be achived very very soon
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