Question –

Is it the right time to buy RIL?

Opinion –

As of today (19.03.2020), RIL is trading at 914/-, just 3 months back on 20.12.2019 the share was at it’s peak at Rs.1617/- per share. The drop has been significant considering the panic in the markets.

Also the drop in crude prices have had significant impact on RIL if not worse.
RIL’s refining business accounts for only 20% of the total, so the repercussions are quite visible.

But considering the fundamentals and growth of the company, i believe this is a good time to buy RIL (Long Term Investment), it is available at discount compared to the previous months high.

(Note – Not an investment advice. Do your own research before investing or trading.)

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