(a) It is able to source oil from Russia @50% discount which means a lot of profit or gross refining margin (GRM)—what the company earns from turning every barrel of crude oil into fuel.
(b) It is likely that Reliance is likely to split Reliance Retail and Reliance Jio which will unlock its true value. So the market is anticipating the IPO of Reliance Jio and Retail separately.
(c) Mukesh Ambani wants to be #1 in India in terms of Billionaire and does not want Gautam Adani to take over him thus he will put all his might to keep Reliance shares on the higher side.
So, its time to accumulate the stock and if you do not have this much capital to buy Reliance then go ahead with a small capital of Rs 5000 using our bank nifty option tips and you can get a profit of up to 30% in intraday and use that profit every day to add Reliance to your kitty as a core portfolio stock. The three years holding the target for Reliance stock can be up to Rs 5000.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
