Reliance Industries has long been in passive mode. I have been watching this stock since 980 level. I did not buy it then for it has invested in very risky assets. Telecom business, Shale gas in the US and what not. Shale gas by the way is very difficult to extract and a slight mismanagement would bring RIL to shambles. The US will not take 26 years to declare useless verdicts.
Still recent deregulation on fuels will directly benefit RIL. It has had many dysfunctional petrol pumps for now. Unless prices have been deregulated, RIL would never use its petrol pumps. From this perspective I see RIL is at a bargain prince currently.
Disclosure: I have a small exposure in RIL
Still recent deregulation on fuels will directly benefit RIL. It has had many dysfunctional petrol pumps for now. Unless prices have been deregulated, RIL would never use its petrol pumps. From this perspective I see RIL is at a bargain prince currently.
Disclosure: I have a small exposure in RIL
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