RPL is a scrip everybody tracking these days....... its really amazing so see the hike in the scrip its movements unpredictable..... in june whn it ws trading around 95 n 108---118 thn i tht its gonna hit new highs n i had set a target of around 132 for july but then the correction happened in august n RPL too crashed n went to 105 levels but it didnt break 105 then i was sure that it will not go bellow 105 and will touch new highs........ n it did .... it crossed 118 its resistance....... but then speculators started playing with the scrip everybody thought it will only go to 132 in sept but it crossed 132 too n went to 152 levels n closed 151 for sept series....... then there was no looking back n it started moving like anything and made 7-10% movements in a day and here the threat occures when speculators playing with the scrip you never know where it will head to....... n it becomes risky play and RPL hitting 295 life time high and came down drastically to 220 in just few days.... @ 295 it was too costly and even @ 220 its not that cheap though but if u have long term view say atleast 1 year then it doesnt look expensive considering that the refinery is way ahead of its schedule and its been Mukesh Ambani's record that he has completed all his projects ahead of scedule say 5-6 months......... so if its record date is nov 08 i think it will be completed by may 08 and production should start around june......... so if it happens you will see high jump in the price of RPL and it will be trading around 400 ........ so RPL is a high potential stock and has a very good business model.........
When i say RPL will be trading around 700+ levels exactly a yr later, people ask me if it trades tht levels then its market capital will be 5lakh crore and whcih seems unrealistic for them........ but i say if now when it yet to have started its refinery n still its market cap is more than that of INFY then anything can be possible cos its a OIL story after all........
SO I STRONGLY RECCOMOND THIS SCRIP and its a buy at every dips......... and if you are a long term investor then its a MUST in your portfolio......... so go n grab it..........
Wednesday, November 28, 2007
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