my tgt. is 350+ in a year coz. seeing the valuation & fundamentals (..compared with other petroleum companies). 800+ is based on FULL speculation coz. first is "Ambani" brand name, second world's no. 1 petroleum refinery. You can just c ADAG's R-Power they wanted only Rs.11,000 crore...but till now 2 lakh crore has been Collected......dont know how many will get share.? people who dont know abt share market...and people who wants to be a part of Ambani pack will pick this. as this is the cheap stock in MDA pack.