May 4, 2010

RNRL vs Reliance? a 50% trade?

In the next 2-3 days, we'll see a great 'event' driven trading opportunity in the Indian equity markets.. the court case between Reliance and RNRL will see judgement. Since a lot of the analysis is subjective (and speculative), I'll stick to the conclusions.. I expect the judgement to be more favourable to Reliance than the Mumbai High Court judgement.. and for Reliance to outperform RNRL by up to 50% in the next 3-4 months.

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