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Is there Reliance Industries in Bangalore?

Is it advisable to apply for buyback of reliance industries shares @870 which i bought @923 two years back.?

  • Reliance industries is offering buyback @ 870 i am dissappointed kindly guide me thanks

  • Answer:

    RIL is a good share to hold on for long term. But unfortunately many of us has bought it at very inflated rates of Rs 900 to Rs 1100 i am not sure whether in next even 3 years we will have our cost even. Any ways, selling ones holding in this buy will not be good. Reason is simple, this buy back is not giving us enough to adjust the losses. Better will be to let others fall to this buyback prey and we stand aloof. This buy back by RIL will surely bring the market price up. If the momentum continues, may be in years time it touches Rs 1000 again. That will be a better selling point

RAMESH CHANDRA J at Yahoo! Answers Visit the source

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Other answers

If Reliance is really buying back at Rs 870, I would submit my shares at that price, and buy the same number of shares at current market price, which is around 790 Rupees.

Eva Shah

Even I have taken Reliance shares @1024. But buyback is no option. Wait some more and Reliance will go high. I do not advice for a buyback

vishal m

If you are getting this option at no cost then do it , because today rate of RI is 790, hope this will increase in the future.

Goldy Raj

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