The Bombay Stock Exchange saw a 10 percent rise in the stocks of fertilizer companies today, following the March 27 gas sales and transportation contracts between Reliance Industries (RIL) and 12 fertilizer firms, who would receive the first produce from RIL's eastern offshore KG-D6 (Krishna Godavari-Dhirubhai 6) fields.
Techncal analyst Anand Rathi maintained ‘buy’ rating on Reliance Communications (RCom) stock with a long term target of Rs 260.
According to Mr. Rathi, interested investors can buy the stock with a strict stop loss of Rs 150.
Today, the company’s shares opened at Rs 170, as against its last closure at Rs 168.75 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 8.36 and 20.47 respectively. The share price has seen a 52-week high of Rs 608.85 and a low of Rs 131.35 on BSE.
To strengthen its GSM reach, Reliance Communications (RCom) has rolled out its post paid GSM services in Uttar Pradesh and Uttarakhand.
While making the announcement, Mr. Salim Haq, RCom Regional Head UP and Uttarakhand, stated that the post paid customers in both the states would be offered three plans.
Under the first plan that costs Rs 129 monthly, subscribers can make all local and STD calls at the rate of Rs 1 per minute.
Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries (RIL) stock with an intraday target of Rs 1550.
According to Karvy, interested traders can purchase the stock between Rs 1520-1525 with a strict stop loss of Rs 1510. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1555.
Shares of the company, on Wednesday (March 25), closed at Rs 1533.40 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 99.41 and 15.52 respectively. The share price has seen a 52-week high of Rs 2706.60 and a low of Rs 930 on BSE.
Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries (RIL) stock with an intraday target of Rs 1465.
According to Karvy, interested traders can purchase the stock between Rs 1425-1430 with a strict stop loss of Rs 1415. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1470.
State-run Indian Oil Corporation (IOC) has proposed a 50:50 partnership to operate 1432 closed petrol pumps of Reliance Industries (RIL), having 15 per cent fuel market share by the closing date of March 2008.
Other firms including Royal Dutch Shell, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have also shown interest in partnership with Reliance.
The private firm suffered huge losses in early 2008 due to difference in retail price of petrol and diesel sold by public sector oil companies and other private firms leading to closure of RIL's petrol pumps.
The Bombay Stock Exchange saw a 10 percent rise in the stocks of fertilizer companies today, following the March 27 gas sales and transportation contracts between Reliance Industries (RIL) and 12 fertilizer firms, who would receive the first produce from RIL's eastern offshore KG-D6 (Krishna Godavari-Dhirubhai 6) fields. 
Techncal analyst Anand Rathi maintained ‘buy’ rating on Reliance Communications (RCom) stock with a long term target of Rs 260. 
To strengthen its GSM reach, Reliance Communications (RCom) has rolled out its post paid GSM services in Uttar Pradesh and Uttarakhand. 
Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries (RIL) stock with an intraday target of Rs 1550. 
Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries (RIL) stock with an intraday target of Rs 1465. 
State-run Indian Oil Corporation (IOC) has proposed a 50:50 partnership to operate 1432 closed petrol pumps of Reliance Industries (RIL), having 15 per cent fuel market share by the closing date of March 2008. 
