Reliance Infra

Vishnu,

If someone tells you when the stock begins to take off how believable would that information be? Would'nt it a speculation like hundreds of others - the markets will see 22000 or 25000 by the end of year, rel infra will be 10 thousand or 15 thousand blah blah blah. If you believe in the company and set some realistic targets based on your own research and made a conscious decision to take the risk then live with it. No point in being a child in the back seat constantly asking "when will we get there" - Just put a lollipop in your mouth and close your eyes. We get there when we get there.
 
Hi Jnj,
The following is from moneycontrol.com:
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Game over atleast for now.. the most awaited contract which pulled RIIL from 300 to 3000 is gone now ... wht\\`s next? is it headed back to 300? and what the hell this new company is RGTIL?
RIIL is just a show company... ?

India\\`s Punj Lloyd won a contract from Reliance Gas Transportation and Infrastructure Limited (RGTIL) for its 1,400 km Kakinada--Bharuch pipeline. The $US124 million contract involves laying 285 km of 48 inch pipeline in addition to developing associated facilities including nine main line valve stations, two compressors/////////////////////////
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I am worried because of the above information.
Is the situation so bad really?
I brot 100 at ~3100. If it wont rise I`m already losing :(:(

I knew this stock was high risk. But loss from a 'reliance' company does leave a bad feeling especially considering the huge investment i have made
 
@gauravd

Patience pays. Remember that. RIIL is operator driven. Jaicorp did the samething that RIIL did. It corrected twice before it ran up to 26k post split. JCORP once corrected from 3500 to 1550 and once again from 7k to 6k . I am sure a lot of pundits would have said the run is over and it was speculative and so on. But the guys who had guts and held on made money. Same goes for Rel Infra just hold on and don't panic. If you sell at a loss then it is a gain for someone who picks this up at 1785. It might correct more but this is operator driven and once it starts hitting ciruits you can only watch and you cannot get it. Accumulation was on between 1800-1900 but fell below 1800 due to market sentiments. It is purely in corretion and when it over you will be rewarded for your patience.
 
@gauravd

And forgot to mention one more thing afer the JaiCorp correction 3500 to 1500. It was accumulating in the same range 1800-1950 as relinfra for 4months before it started its run. So relinfra has been accumulation for almost 2 months. Wait for some time and you will be rewarded. Please don't check the price everyday.
 
From SP Tulsian

RIIL has come on the investment radar of the informed circles who are expecting a restructuring of the infrastructure projects into the company by the group.

From Me:
There you go. This will be the driver for UC in the coming days. If it becomes true then there will be no stopping. Lets hope that some big annoucements will come on the 28th of December on this.
 

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