Potential stocks - Reliance Natural Resources Limited

This is very good stock for traders. This is one of the companies owned by Anil Ambani, others being reliance energy, reliance capital and reliance power.The share price of the company is very less in the range of 40's now. The company is engaged in gas based energy which it gets from the Reliance Industries. This has been a issue between the two Ambani brothers as to at what price this will be lent to RNRL. The operations of the company is yet to start in full swing. Therefore this stock blindly follows the share market. So this makes RNRL one of the best safest stock for traders. I wouldn't recommend this for investors because once the company starts its operations it may not live upto the expectations that are seen in the stock market.

The earnings of the company is mainly on papers. Hence its very tough to predict the actual value of this. Yet the public believes in all reliance stocks. That's the reason why this company is commanding a very high PE ratio of over 100 for a company that is yet to start operations. Yet this is a wonderful stock for traders. Since this blindly follows the share market the risk involved in trading in this stock is very less. For short term investors this is sure to give very good returns.