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Q.

I have 1000 shares of RNRL @121/- shall i avg it or is it better to sold?

About: Company: Reliance Petroleum Ltd.

Asked by BPV Kumar, 18 Oct '08 11:44 am
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Answers (5)

1.

Buy now other wise you will lose the share value will go up with in 1 week it cross 165 as RPL starts production soon and all FII's start buying this share 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 a ...more
Answered by Gopal Krishna, 19 Oct '08 08:36 pm

 
  
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2.

Average it. Right time to purchase this script. If u have taken courage to purchase in 121 than have courage to take it in 60 rs. so that average comes to 90 and than sell it when it comes to 90 so that u dont have to wait till it reaches 121, because chances are less that this stock cross 100.
Answered by Arpan Kotia, 19 Oct '08 11:58 am

 
  
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3.

A lot of thiings are not clear about company. may average if it comes below45.
Answered by rashmi tomer, 18 Oct '08 11:52 am

 
  
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4.

Average it when it comes below 50 and hold for 2 yrs
Answered by sandeep raj, 18 Oct '08 11:49 am

 
  
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5.

It is better to avg.hold it for 6months.
Answered by SARBOJIT PATTANAIK, 18 Oct '08 11:48 am

 
  
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