Reliance naturalgas resources limited is on the lower circuit lock for 2 days with no buyers available.This may continue tomorrow also and slowly it will go to the level 25 or even lower up to the listing price.But the stock is good for long term.As I mentioned in my previous post on RNRL it will the sole supplier of natural gas to RIL which is good to the stock .So investors can buy the stock at the dips.Reliance-Anil Dhirubhai Ambani Group (R-ADAG) has decided to invest up to Rs 1,052 crore in its gas-based resource undertaking Reliance Natural Resources Ltd (RNRL) through subscription of preferential shares.
The RNRL board approved the decision to allot preferential shares to the promoters at a minimum price of Rs 25.65, the average market price of the stock for the preceding two weeks. The offer price represents a premium of over 400 per cent to the face value of Rs 5 per share of RNRL. Long-term financial investors might participate in the preferential offer as well.
The RNRL board approved the decision to allot preferential shares to the promoters at a minimum price of Rs 25.65, the average market price of the stock for the preceding two weeks. The offer price represents a premium of over 400 per cent to the face value of Rs 5 per share of RNRL. Long-term financial investors might participate in the preferential offer as well.
1 comment:
sir your stock tips posted in yahoogroups rose well..please ensure that you have mentioned the reasons for buying the same so that members can easily analyse the stock.Thanks for joining our group and also the posting keep on posting in blog and also to our group
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