I would not attempt to answer but would definitely give my views on it. Remember these are my personal view and does not mean any legal or financial advise.
Right Stock at Right Price for Right Time
Have you ever invested in a stock on someone's advice to make profit and then has to wait for months, maybe years, to recover capital? Not anymore.
I would not even attempt to answer it but would definitely give my views on it. Remember these are my personal view and does not mean any legal or financial advise.
In simple terms about the case between RIL ( Reliance Industries Limited ) or RPL and RNRL, RNRL is asking the Gas at 2.8 per mmbtu ( million metric British thermal unit ) and RIL is asking price of 4.2 mmbtu. As there is no price information in the contract between RIL and RNRL, RNRL demands the price when the contract was signed and RIL says it should be current price.
Now as you can sense, in simpler terms the case is not very simple and so it could go either way but according to me if you have a risk profile and don’t mind loosing 10-20% of your investment value you can make the same amount in a very short period of time.
So now should you invest in RPL or RNRL? I would bet my money on RNRL for the following reasons.
- It has won one in High Court and so chances are it may win in Supreme court as well. I can be wrong as well.
- Gas is not needed by RNRL and ADA Group currently but after few years from now but they would anyway fix the price.
- RNRL is more aggresive ( as I can sense from newspaper advertisement ) than RIL in its approach.