Reliance Petroleum Limited was the highly traded script in the cash and derivatives market as the news came in that the Reliance Industries had sold 4.01 per cent stake in the Reliance Petro for Rs. 4203 crore. Reliance Petroleum counter lost 2.6 percent on the BSE on Tuesday and the total turnover in the cash market was Rs. 1780 crore and on the derivatives segment the script’s turonover was Rs. 1891 crore. Invesotrs are in a view that the stock price could even come down as they beleive that the script may be overvalued as the Parent company Reliance Industries has offloaded some stake from the company and their is news that Chevron also may put its stake under sale.
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5 comments ↓
Hi guys,
Can anybody update me on this, what should I do with this stock as the news looks worrying???
Vikas
superb script in near future dear
What target can I expect within 2 months?
Hold it for long term, its a very good script.
i have invest in axon infotech 100 share at Rs.120
what will the future?
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