RNRL prices would come down: Seshadri Bharatan, KSEMA Fincon Ltd

Seshadri Bharatan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about RNRL.

A point was made about RNRL probably sliding all the way to 30 from 51 currently. Do you think it can go all the way there?

I think it was more of a trading kind of company and with gas supply, government fixing as per the government policy - which would be around $4.2 per mmbtu - I think the trading profits would vanish for the company. As a consequence the stock prices would come down.