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Q.

Are RIL Q1 results up to market expectation? Will it be a pointer for the full year performance in 2010 11? Your views?

Asked by Good Citizen, 28 Jul '10 10:45 am
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Answers (3)

 
1.

Hi , Indias Reliance Industries Limited (RIL) has announced Q1 2010 results on Tuesday, 27 July. RIL reported that net profit is increased by 32% in first quarter by beating estimates and higher gas output from India.Indias largest petrochemicals company RIL reported April/June net profit of Rs. 4,851 crore (1.04 billion dollar) for petroleum, refining, oil & gas and retail which was Rs 3,666 crore last year.

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
Answered by Musfer, 28 Jul '10 11:08 am

 
  
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2.

Our marketmen are greedy. Some of the commercial channels deliberately project poor performance even when co results are good in the given circumstances. Do not be guided by them. Use your own judgement on the fundamentals of a company, the potential, the management quality, forward looking nature of the governance, etc.
Answered by mandook, 28 Jul '10 11:08 am

 
  
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3.

Ril results will be market in this year very good.
Answered by .. @negi@ .. ., 30 Jul '10 11:28 am

 
  
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