Thursday, May 6, 2010

RIL-RNRL Judgement

Tomorrow is judgment day at 10:30 am. SO which way will it swing?

1.RIL wins
Why? Look at price movement in past 2-3 days. RNRL tanking and RIL steady and marginally positive

2. RNRL wins
Why? They won in High Court and SC might go with the arguments which swayed HC. Its always difficult to overturn a verdict.

3. Limbo
No clear judgment. This appears remote but we never know.

So technical say RIL wins and fundamentals say RNRL. Wonder which one wins?

1 comment:

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