Difficult to say how shareholders are going to react: Narendra Taneja

In a chat with ET Now, Narendra Taneja, South Asia Bureau Chief, Upstream, talks about RIL stocks. Excerpts:

We have been running a lot of reports through Reliance and the kind of estimate that is running on the street, do you see the stock over the next couple of months given their focus on shale gas assets taking any momentum from these levels?

The most important development which is taking place is that very soon, Reliance and NTPC may probably be heading towards a solution and so that might have some impact but of course there are reports that the price may be slightly different from what they have agreed with RNRL or for that matter with some other company which means that price may be in the region of about $2.5 per unit. So that is not the price that some shareholders or investors might be expecting. So it is really difficult to say how shareholders are going to react to that and if the reaction is that they are not happy with it, then it might have some reflection on the share.