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Monday, September 23, 2013

ril: declining returns

We have mentioned RIL on a few occasions: Conflicting analysts, Cost of diversion, Lure of technology.

Here's its long-term performance:


The first half of the movie was pretty good; great performance. It is the second half that has let us down: some self-inflicted, over-the-top acts, and some externally-forced (political) stunts. The result: Market value is about 11% down from its 2010 peak.

Is it because of this?


Too many matters on hand to sort out at this stage; but then, we are pretty confident that it will pull it off. 

Will it? Let's ponder....

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