Confused - How did RPL get listed?

Hey guys..

I've been wondering about this from a few days.. can anyone shed light on the subject.

BSE/NSE norms have requirements for new companies to be listed on the bourses right, like a minimum amount of turnover for last three years before you can list your company.

Then how come RPL which has not even started production yet get listed?

Confused..

Yes.. RPL has not produced a single drop of oil.....

But its price has been over valued multiple times.. All on speculation and Reliance name..

IF no reliance name attached to it.. its price is 40 level

Thats why on a single day it crashed 20% So no one knows when that crash will happen again.. Lot of investors lost lakhs of rupees, when they bought around 283 levels...


Caution is needed on this speculative stock.. be careful.. A VERY HIGH RISK INVESTMENT.. UNTIL A DROP OF OIL IS PRODUCED.

rpl not to go below 150. if u r lucky catch it between 150-175(during a crash)

Hi,

What target of RPL you see at around July -08 end, as this is the time their production will start in full flow - I guess!


Thanks!
MiLiND

Next target should be 350-400.