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Q.

GUYS i had bought 300 shares of RPL at rs.160/- but seeing the current scenario i sold at rs.140/- (booked loss of rs.6000) and got saved my rs.12000/-. did you like my idea? i am not intelligent but just telling you what i did? BTW, at what lowest price we shold enter RPL 90,80,70, or 60?

About: Company: Reliance Petroleum Ltd.

Asked by Rakesh, 18 Oct '08 10:13 am
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Answers (5)

1.

Don't wait now because from here the value will go up and you will never get this chance again 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 and fuel oil cracks have reached record lows. Even production of n ...more
Answered by Gopal Krishna, 19 Oct '08 08:38 pm

 
  
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2.

Always buy the stock for long term basis. yes you can buy same share/stock at down trend ,accumulate at every down fall as per your capacity to hold. hold the stocks for long term only. the person who purchase at lower level and sales at mid pick is always smart investor. if you have real courage to buy , buy this stock at current level, donot wait for 80/90, just buy and forget for long term basis. ok
Answered by a a, 18 Oct '08 12:16 pm

 
  
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3.

Do u think u did a wise thing?
Answered by rita das, 18 Oct '08 11:37 am

 
  
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Mr Rakesh Patience and discipline is the key in stock Market. If you daily see the stock prices then it is not good, you are waisting your time. Just Purchase it, lock it , forget it . See the value once in a year. If you are a investor than you will get double the amount than normal fixed deposits of 12%.
Answered by SHIRISH SHIROOR, 18 Oct '08 10:27 am

 
  
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5.

@ 80 you can buy
Answered by Dhananjaya reddy, 18 Oct '08 10:26 am

 
  
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