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Q.

ANY TAKERS?
Reliance Petroleum
CMP: Rs 143.40
Target price: Rs 115
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ECONOMICS TIMES
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Brics Securities has downgraded its rating on the stock from neutral to underperform saying it sees no margin of safety at the current price.

We are lowering our FY09-12(estimated) EPS estimates for RPL after factoring in lower GRM (gross refining margins) and a weaker rupee. Our forecast for lower GRMs is based on the deteriorating outlook for the global oil refining industry,

Asked by LALITHKRISHNA BN, 01 Oct '08 11:27 pm
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Answers (3)

1.

They are creating panic situevation for purchasing at low rate.
Answered by tlsngupta, 02 Oct '08 08:21 am

 
  
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2.

May be yaar now u never know
Answered by Gaurav Malhotra, 01 Oct '08 11:36 pm

 
  
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3.

The biggest illusion created by all these brokerage houses is about the target without any mention of time frame. RPL will be star performer during 2009.
Answered by Lucky, 01 Oct '08 11:29 pm

 
  
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