RPL's heydays likely to start after 1st Feb, 2008
Anything related to Reliance catches immediate media attention. The news is that Chevron, the US based energy heavyweight plans to exit Reliance Petroleum. Chevron has five percent stake in RPL. Chevron official informed the media that the company was evaluating its options regarding RPL.
Ganesha finds this news interesting to give his astrological analysis.
According to the listing date of RPL, the company is likely to get benefits as Mercury, Lord of Ascendant is posited with exalted Sun in 11th house. Moreover, Lord of 12th house, Venus is in conjunction with Rahu (North node); this gives birth to lot of intellectual differences with foreign partner. But Ganesha does not foresee any problem overall. The conjunction of Jupiter and Moon is very fruitful.
However, given the current situation, Lord of enemy house, Mars, is transiting through first house. This indicates struggle for the RPL.
Company's all-time high share price was Rs294.50/- on November 1, 2007, and then a continuous fall has been noticed. And today's closing price is Rs198.00/-, a disappointing drop of Rs96/-.
Moreover, the company is under the influence of Mars - Venus - Ketu Mahadasha; transiting Mars is retrograde. Reliance Petroleum Limited is expected to get benefits after February 1, 2008.
May Lord Ganesha bless the company with lot of prosperity and bright future!
The GaneshaSpeaks Team