Best Sell - RELIANCE

It has raised huge capital in debt to put up the new refinery, which will remain underutilised due to economic slowdown and will not be able to breakeven in the near future due to low petroleum product prices even if it exports all its output. The bottomline of RIL will be hit badly to repay the debt it has raised. Likely price of RIL - Rs.500/- for next one year.