Shall one sell RNRL after Court Verdict? | Indian Stocks to Make You a Millionaire

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Shall one sell RNRL after Court Verdict?

Posted By On 8:48 PM Under ,

1. Anil and Mukesh Ambani are on a war as same is related to gas pricing as Mukesh is asking for a higher gas price and Anil Ambani is refusing to oblige and matter was referred to the court.

2 Anil Ambani has got the order in his favour from Bombay High Court as it has asked Mukesh to sell gas at the originally agreed upon price, which is 44% lower than what he is asking for. Thus Reliance is trading downwards as this order can cast a blow to Reliance Industries (RIL).

3. Mukesh is going to challenge thedecision in Supreme Court to get some reprieve. However for the time being Anil is getting the benefit; however it is said that buy on ruumour and sell on news and thus it is appropriate time to book profit in RNRL from short term perspective.
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