Further deterioration in RNRL prices possible: DD Sharma, Head Research, Anand Rathi Securities

DD Sharma, Head Research, Anand Rathi Securities, in a chat with ET Now talks about RNRL post SC verdict on the gas dispute.

RNRL at 51, would you believe that’s a fair assumption that there is no business left for the next 3-4 years and, therefore, it is not a stock worth looking at at all?

No major business will be there and only they are holding some coal bed methane, their licenses or they were allotted some CBM projects. So there could be some businesses but they are not worth, which can keep the prices of the RNRL to this level. So the further deterioration in the RNRL prices is quite possible.