All of these are drilling oil for India's future. If they strike OIL , shareholders become rich if not they go nowhere.So where should I put money ?
I am sure that oil price will go higher in future. Middle east will remain unstable and nuclear development by Iran could create more tension between Israel and other neighbor. Any tension in middle east will take OIL prices to record high. Of course these are my predictions.
About rahul das
Reliance has failure in getting enough gas in KG-D6 well , hardy is out. Now company says that it will drill three more wells in the Krishna Godavari basin block where the first exploratory well was abandoned due to poor gas find, as per reports in Business Standard.
Drilling is an expensive operation and cost thousands of crores any miss in drilling could cost company a big fortune. It needs to be seen how it plays out for Reliance Industries Ltd this time.
Company stocks are not expected to outperform even though OIL prices are flirting with $81.
Madhumita Ghosh, Research Head at Unicon Intermediaries: It is a good idea because the liquidity will rise. My personal view is that investor should wait for a while. RIL will slide at least 10% after split as OIL prices consolidate. It still remains a good long term stock idea.
RIL bonus came as gift to investor on Diwali. But it doesn't surprise investor any more.Finally investors in India are realising that bonus doesn't mean free money. It's kinda like stock split. So if the stock is trading at 2000 today , after bonus it will trade for 1000 because number of shares will increase hence p/e will adjust.
No big deal guys . I am still wondering what is real motivation behind thse bonuses.
Industries (RIL), India`s largest private sector company, today
announced a marginal fall of 0.18% in consolidated net profit for the
year ended Mar. 31 2009.
During the year, the company reported
a consolidated profit of Rs 152,960 million as against profit of Rs
153,240 million for the year ended Mar. 31, 2008.
In the same
Market had good rally entire week, will RIL negative news...have some correction impact on the market?
What is price target for Reliance industries from different Brokers ?