Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Why RNRL went down. its last high quote was 249. now its only 48 anyone know why ???

About: Money

Tags: money, relationships, education
Asked by bhagya vbl, 12 May '10 09:37 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (13)

1.

Hi: Those who have invested in Reliance Group are the worst victims. They have become sandwitch for the brothers. They are playing nad enjoying with the public money patronized by ruling parties. The sufferers are the shareholders.
Answered by DUGGIRALA CHANDRASEKHAR, 13 May '10 09:38 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Where are ? Whole world know RNRL lost case. No hopes to get sufficient Gas as 90% Gas distributed to some other. RNRL should findout its own Gas resources like RIL to go ahead. Is it possible?
Answered by Mohan S. Kulkarni, 13 May '10 09:37 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Its obvious
Answered by RSehgal, 13 May '10 12:33 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

Because of the court virdict went against the company.
Answered by ravindra avsare, 13 May '10 11:32 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

Not only rnrl - all of adag group is like that
Answered by Benedict Ignatius, 13 May '10 11:00 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
6.

Anil Na Gas Bana sakta hai na power both co's share holders lost lot of money if Mukesh take over both project he can do much better anil is a failure businessman so do wisely in his shares
Answered by DINESH DUGGAD, 13 May '10 10:31 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
7.

This has been because people buy into expectations and not on present reality. the price 250 was in anticipation of projected earning of 2014 !!.. Now RIL shown doors to RNRL, so no gas, no business, no money for RNRL... However, they may get some relief in couple of years, so can hold if you really like, otherwise there are many stocks living in present reality, hope this helps..
Answered by RAJENDRA PATEL, 13 May '10 10:25 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
8.

RNRL is almost a fictitious company - a paper tiger, with a name and no solid business. One wonders how it can still quote at a price of 48! They have lost the last case of their life, which was against RIL and the honorable SC ruled in favour of RIL. They have very little hope now of bouncing back at least in the next 2 years, unless of course there is a miracle. You are advised to move out and switch to a better option for gains later on
Answered by Jai Bhagwan, 13 May '10 10:18 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
9.

If you have any position in RNRL hold on till the month end. It is likely to rebound and reach 65-70 level again.
Answered by John, 13 May '10 09:48 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
10.

Just to add one more thing... what all said above... RIL won the case against RNRL.. Also, now, RNRL is trying to get oil at less price from RIL, whereas Govt left no/little oil for RIL to sell for RNRL. So, this is another big concern before RNRL and the share price is still tanking.
Answered by Roopesh, 13 May '10 08:15 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
Previous

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

Holding GMR infra for longterm would not be recommended by me. you have many other good shares to invest. see for 1 or 2 months and dispose it. buy mo..more

Answered by Sailesh Gupta