Monday, October 26, 2015

There has been some unconfirmed reports that Reliance Industries Ltd (Rs.943), is headed for a big bang realignment of its business model; which could be just around the corner or which could happen within the next few months--may be it will commence definitely in this quarter.

Astute investors should now take their call because when a company of the size and stature is aligning its business model, pumping huge chunk of its block in a new business, it could turn out to be a jackpot.

Meanwhile, the statistics say that, percentage change in Open Interest in the scrip is (-)5.69, while the price is down 1.29% at Rs.943. This gives an ideal buy signal for the stock, with a very short time price target of Rs.960.
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