( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 30th March 2009
Notables Observes:- Reliance Natural Resources Limited (RNRL) the 'Gas Based Energy Resulting Company' was originally incorporated on the March 24th of the year 2000 as Reliance Platforms Communication.com Private Limited.
- The company is engaged in sourcing, supply and transportation of gas, coal and liquid fuels . It is also involved in the exploration, production and distribution of gas and the mining of coal. RNRL is a key constituent of the Reliance - Anil Dhirubhai Ambani Group, India's third largest business house.
- RNRL is actively involved in the development of coal blocks and the supply of coal to power plants. RNRL is also pursuing business opportunities in the field of city gas distribution, laying of natural gas pipeline and sourcing of coal from multiple locations.
Share Holding patern :
- Promoter : 54.84 %
- Public : 44.69 %
Financial Highlights :
- Net Profit / (Loss) of Rs. 24.21 Crore for the quarter ending on 31-DEC-2008 against Rs. 23.79 Crore for the quarter ending on 31-DEC-2007.
- Net Sales of Rs. 137.71 Crore for quarter ending on 31-DEC-2008 against Rs. 40.73 Crore for the quarter ending on 31-DEC-2007.
Technical Overview :
- The stock On Weekly Chart has formed "Higher Tops & Higher Bottoms Pattern " for last 2 weeks.
- On Daily Chart has given a "Consolidation Breakout" with huge volumes, indicating the trend reversal and beginning of a uptrend. The stock is recomended to buy at cmp Rs 49.25
Support Levels :
- Support 1 : 49.75
- Support 2 : 42.50
- Support 3 : 40
Stop Loss : 38 on closing basis.
Targets :
- Target 1 :53.50
- Target 2 : 63
- Target 3 : 72
Period : 4 to 5 months
Future and Option Strategy : ( Only for Paid Members )