Wind-fall Tax on Oil Companies.....A Joke??!!

[Updated]

The wind-fall tax on oil companies which many are talking about is just a figment of imagination or the media goons to create news out of nothing. The point to be noted is that with Anil Ambani in the helm of the affairs when Samajbadi Party (SP) ncomes to power, I do not think he will ever try to bleed his own companies.

This is just a joke and may be done by the media for some vested interest. Please remember both Anil Ambani and Amitabh Bachchan who are invested in Reliance Group have direct links with Samajbadi Party of Mulayam Singh and Amar Singh.

Hence one should go ahead to buy Anil Ambani Group Companies like Reliance Energy Ltd (Reliance Infrastructure Ltd) and RNRL--both the companies are available at the Price of water.

CMP of Reliance Infrastructure Ltd -->Rs.710 and CMP of Reliance Natural Resources Ltd (RNRL)-->Rs.62

When Reliance Industries Ltd controls to some extent the governments wishes, I think it will just be too much "imagination" to think the Government will ever come up with this proposal.

This is bullshit and is probably spread by some brokerages in collusion with the Media, so can enter good stocks at throwaway price--they found that a rally in the bourses is offing with Infosys Coming up with results within a very short time.

Today I got buy calls from a number of brokerage houses so the markets are expected to move up from here with the Crude Oil prices falling in the international markets.