Is Reliance Petroleum really worth Rs 100 per share or is it just another stretched valuation?

Question

Is Reliance Petroleum really worth Rs 100 per share or is it just another stretched valuation?

Answer 1

No, reliance value is not fundamentally around 100 this price is due to highly upward trend in the market if this offer is comming before 3 years same script is listed below offer price this Rs 100 price is due to bull sharemarket.& heavy FII investment.

Also reliance is trust worth company so all r ready to purchase at Rs 100/- in present market condition but really this price is very high & god blessing to all invester who alloted this Share.

Answer 2

If you are only looking for valuation, they are indeed streched. If you are an investor and interested in profits on share price, ride on momentum and invest in the stock around 78-82 levels and have all possibility to make 25-30% profits in short time.

Answer 3

Not really as the company fundamentals are not very strong as their growth scheme is based on future plans.As the future cannot be gazed into it is a stretched valuation.