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Q.

I have 2392 shares at average price of 150, should i buy more to average it down or exit , whats the future of this stock.........i cant wait for more than 3 months

About: Company: Reliance Petroleum Ltd.

Asked by meenu sodhi, 18 Oct '08 12:58 pm
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Answers (6)

1.

Hold/buy more close to 70-75 levels...
Answered by halfbloodprince, 11 Dec '08 07:52 pm

 
  
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2.

You can buy as much as possible in this price which will not come back from here Sensex will go upward with in 1 week RPL will cross 165 as it starts production

RPLs refinery will have the ability to handle very heavy and high sulphur crude to produce the best quality products.

Similarly, its product slate will be better, thanks to its ability to totally eliminate lowvalue products such as fuel oil. Considering that the heavy-light differential in crude prices has reached $70 a barrel, RPL will be able to earn higher GRMs compared to its peers.

Tax Sops:

The SEZ location and focus on exports will exempt RPLs profits from income tax (IT) fully for the first five years. The I-T exemption will be 50% for the next five years.

After enjoying a high tide in the past few months, Asian GRMs are now weakening. The International Energy Agency (IEA) in its monthly report for June 08 elaborated on this fact. While diesel remains highly profitable, gasoline cracks remain subdued ...more
Answered by Gopal Krishna, 19 Oct '08 08:34 pm

 
  
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3.

Hold it or do day trading with 300 shares. Try buying at Rs95 level (it will not dip below 85). When company have invested such a huge amount ,with very large investor base and high company reputation . Hold and wait .Thousand percent guaranted that you will not lose .
Answered by sanju, 19 Oct '08 06:11 pm

 
  
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4.

★~ U can take a lot of momey more 2500$ a month, as soon as you meet this link -----------> http://www.website.ws/npr3444
Answered by wnstjr, 18 Oct '08 04:33 pm

 
  
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5.

Please wait for 5 yrs and u will reap the benefit out of it, coz the company is going to be huge by supplying India's 40% of fuel requirement. Dont take any careless decision now, average it around 115-120
Answered by sandeep raj, 18 Oct '08 01:02 pm

 
  
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6.

★~ U can take a lot of momey more 2500$ a month, as soon as you meet this link -----------> http://www.website.ws/npr3444
Answered by wnstjr, 18 Oct '08 12:59 pm

 
  
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