Showing posts with label Reliance Industries. Show all posts
Showing posts with label Reliance Industries. Show all posts
Sunday, July 20, 2014
Sunday, May 27, 2012
Reliance Industries: A Report to Read for a Year
I accept openly that I have lost money in Reliance Industries. I have not made money on this counter. Both the brothers do not suit my style of gaming in stock market.
However, there is 870 factor for one year. I hope to use this opportunity. The given report HERE has very nicely discussed all the factors. The report is written in such a manner that anyone can understand it. That is other thing, it is suggesting against my enthusiasm. Well, my only argument is that if the right kind of business is done, the things then come out, would be different. If Reliance allocates money to buy back shares, and this is not liked by some management experts, it is right. But somewhere, you are asking for miracle from Mukesh and business is not done like that. Somewhere you have to wait for some opportunities and in the meantime, you have to put money to some use. At least for me, it makes sense to put money in your own stock as that gives me a message that there are some iron in the fire.
Sunday, October 16, 2011
Reliance Industries Q2 in 2011
Reliance Industries has reported its result on Saturday. What would have happened, if it was a trading day?
Any how, in my case, Reliance group (in case of both the brothers) I have never benefited. That is other thing, that I intentionally booked losses as I needed money. I withdrew money from their stock because I believe, that when I would have spare money, I would get chance to get back into their script. Their stocks are not responding like other stocks.
There are numerous reports by now on it. However, I have selected Economic Times report for my record.
The important factor to be considered in the report is the total reserve which is now available with Mukesh Ambani. There are numerous other reports telling about the below expectation recovery on GRM (Gross Refining Margin). Too much numbers never attracts me. I am not qualified to consider all these factors in entering stocks. However, what appeals to me is the cash reserve with the company holds at present and chairman Mukesh is at the helm of the affairs. The management is one the factor which directs my investment decisions. I have suffered losses in all the companies with Ambani boys (now men). But even then I want to remain invested in them. I am not going to increase my investment. Losses are there and let it be there. I will buy in my style if I get anything near 800 even now.
It will be a scenario to watch to see the market reacts to the present Q2 on Monday that is October 17, 2011.
Subscribe to:
Posts (Atom)