Reliance Natural Resources Ltd, under the Anil Dhirubhai Ambani Group of companies, was established in the year 2000. Under the Companies Act 1956, the company started as Reliance Platforms Communications.Com Private Limited. Within this very short span of time Reliance Natural Resources Ltd (RNRL) has built strong foundation in fields like sourcing, supply and transportation of gas, coal and liquid fuels. The company’s main areas of excellence revolve around business of fuel management. The company though started as a humble beginning, has emerged as a fighting player in the Indian economic market in this very short time.
It was in the year 2005 when the name of company got changed to RNRL, when the company was converted from a private sector to a public limited. The annual reports suggest that the company is making huge profits as the sale alone for the year 2009 is about 2,700,159,000 INR. Recently, according to the Scheme of Arrangement with Reliance Industries Limited in 2005, the company is vested with the Gas Based Energy Undertaking of Reliance Industries Limited as defined in the Scheme.
RNRL is undergoing rapid development in the Indian market thus the demand of its stocks is expected to rise in the near future. If you intend to trade in the stocks of this company with latent immense potential, then you can get tailored trading calls, market analysis and financial reports, to help you in your planning for trading in its stocks. You can opt for both short term and long term investments as the company is accumulating wealth and asset at a steady rate. Moreover, as India is a giant market for the software segment, so things are becoming quite profitable there thus helping your trading plans in the long run. Any comments or stock tips from you are most welcomed here…
Hold RNRL with target of Rs 78, says Hemen Kapadia, technical analyst, on NDTV Profit. It is in a short-term uptrend and has support at Rs 59, he adds. The stock is currently trading at Rs 66.85, up 1.4% on the BSE.
Hold RNRL with trailing stop loss of Rs 58 on closing basis, book part profits at Rs 75 and hold rest with target of Rs 100 plus, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 66.65, up 1.1% on the BSE.