Are RIL Q1 results up to market expectation? Will it be a pointer for the full year performance in 2010 11? Your views?
We can't see Reliance Industries Q1 result as a trigger for the market to move up. This can be a little positive for the stock to move it to Rs 1080.
Chairman & Managing Director Mukesh Ambani said: We had yet another record quarter due to high operating rates and improving margins across all our businesses. Reliance embarked on two major initiatives to create incremental value. We entered into joint ventures in shale gas to internationalise and diversify our upstream portfolio. also committed itself to participate in the high growth and exciting area of broadband wireless ...more