Reliance Value discovered at Rs.714.90

Record 3.98 crore shares traded to discover the price
The markets have done it at last. The price discovery for the Reliance Industries stock without the new entities yet to be listed has been arrived at Rs. 714.90

Today's trading session will now start with the opening price of reliance at Rs.714.90.
Please note that the Reliance Industries Stock is on No-Delivery mode from 18-Jan till 25-Jan. Investment guru expects a good amount of volatility in the stock during this period.

The Reliance Industry stock is now a pure play on the Petroleum and Retail front.

We will keep you abreast of all developments in the stock in the coming days.

10 comments:

Anonymous said...: buy ESCORTS(@80 - Target is 130) and SUNFLAG IRON and STEEL (@14 - Target is 36); January 18, 2006
Anonymous said...: What to you mean by No-Delivery mode ? I cant sell my stock till 25th Jan ?; January 18, 2006
Anonymous said...: Hi Rajesh,

Can you please provide your valuable inputs on

1. IDFC
2. Aditya Birla Nuvo Ltd (Indian Rayon)
3. Mcdowel
4. Mahindra & Mahindra

I am looking to invest for atleast 12 months span. How wld you divide your 1 Lac in to above scripts?

Please help as you always do...

Thanks...

Supal Patel
Pune; January 18, 2006
Rajesh Soni said...: Hi Supal,
IDFC is a good long term buy (incerase your horizon to 24 months on this stock). The stock is in downtrend right now. You can make an entry at 65 levels.

No comments on Indian Rayon

Mcdowell also looks fairly valued.

M&M is a good long term buy.

Martkets are going to be volatile in coming days . Use the downsides to enter the stocks.

Allocation depends on your risk apetitte, so pl. take a call.; January 18, 2006
Unknown!!! said...: just a silly doubt...in many websites it's specified for every 100 shares of reliance ind we get 100 shares of other reliance companies(4)...i have just 19shares of reliance...so will i get them...cos now am totally worried as the 19 i bought at was 900..; January 18, 2006
gsm_73 said...: You will still get 19 shares of each of the 4 baby companies. It if because of the merger of REVL and RCVL with REL and RCL that the ratio is being declared as 100:...; January 18, 2006
gsm_73 said...: Supal,
Aditya Birla nuvo would soon have Birla Global and Indo Gulf Fertilisers under its belt. So it would owning stakes in fertilsers and financial services in addition to the existing business of retail garments (sales 475 cr), carbon black (500 cr), yarn (379 cr), viscose filament rayon yarn (284 cr).
Also Aditya Birla Nuvo till Sep 2005 6m has seen 52% inc in net profits on a 18% rise in sales.
Garments/retail prospects are well known to all. Carbon black is affected by oil prices which could act as a laggard on Aditya Birla's future. For Birla Global sales has gone up by 64% and profits went up 137% in 6m ending Sep 2005
For Indo gulf natural gas is the main input prices of which and availability are under cloud. Usage of naptha instaed of natural gas affects the input costs which is reflected in the fall in profits for FY04-05.

Summing it up we have 2 good businesses garments and financial services and 2 not so well performing businesses fertilisers and carbon black. All in all for people interested in long term could enter Aditya Birla at the current prices and even attempt the reverse way of buying birla global and indo gulf which are quoting at a discount of 3%-5% to Aditya Birla Nuvo prices.; January 18, 2006
Anonymous said...: Rajesh..whts abt BOB ipo...Shall we apply? what will be the post FPO price of this?; January 19, 2006
Rajesh Soni said...: Since good comments here from gsm_73 . Keep it up.

Regarding Anil message :
I will post an IPO update on both these issues soon.; January 19, 2006
QUALITY STOCKS UNDER 5 DOLLARS said...: Interesting companies; March 20, 2013