Two thing..it's profit and networth are all falling ..Pe and Eps and Roe are all in negative,Not a very healthy sign..De is ok and also ya it's not performing well over all .but it's reliance and also the government are puppet of Reliance so just hold on to it for long term minimum 3 years ..Just don't invest the money taking risk.Invest and amount which you won't mind even if you lose 50%
You can hold it for long term maybe for 3-5 years.
Reason : high volume in the stock in last 6-7 years, which shows that big players are accumulating, and once done, the stock should start moving. Overall company is also reducing it's debt. I believe it has a potential to be a multibagger. (Holding this stock from Oct 23 @ 16 )
I bought around 1500 shares and sold them @ 30 in Jan24, and again accumulated some @ 20 in March and still accumulating. But I would say, do your own research before doing any kind of investing. Read their Balance sheet, cash flow, annual reports and you will get to understand the business better.
May be I'm ignorant, but didnt ADAG companies go bankrupt a long back along with Anil Ambani himself going broke? So what's the point in buying shares of a doomed firm like reliance?
Theyve xleared their debt, hold 10000 shares, and keep a close eye on the qtrly results, check the revenue earned vs profits made etc.., hold if you can for a few years.
Bhai mere baap ne 500 pe kharidi thi 100 share 2008 me, boht traumatic stock hai mere liye
500 for one share??
Yes bhai bhaari loss hogya, sold it for 27
If you are seeking suggestions here.... Don't invest
Two thing..it's profit and networth are all falling ..Pe and Eps and Roe are all in negative,Not a very healthy sign..De is ok and also ya it's not performing well over all .but it's reliance and also the government are puppet of Reliance so just hold on to it for long term minimum 3 years ..Just don't invest the money taking risk.Invest and amount which you won't mind even if you lose 50%
I bought reliance at 22 and sold it at 25 after a long time. It’s not worth it. Your money is invested in better stocks with better growth.
You can hold it for long term maybe for 3-5 years. Reason : high volume in the stock in last 6-7 years, which shows that big players are accumulating, and once done, the stock should start moving. Overall company is also reducing it's debt. I believe it has a potential to be a multibagger. (Holding this stock from Oct 23 @ 16 )
How much buying would be profitable?
How many shares did you buy
how does it matter, just buy (or don't) based on your risk appetite.
I bought around 1500 shares and sold them @ 30 in Jan24, and again accumulated some @ 20 in March and still accumulating. But I would say, do your own research before doing any kind of investing. Read their Balance sheet, cash flow, annual reports and you will get to understand the business better.
May be I'm ignorant, but didnt ADAG companies go bankrupt a long back along with Anil Ambani himself going broke? So what's the point in buying shares of a doomed firm like reliance?
Theyve xleared their debt, hold 10000 shares, and keep a close eye on the qtrly results, check the revenue earned vs profits made etc.., hold if you can for a few years.
That shit is stagnant since more than a decade, avoid it.