Mumbai, October 16, 2012 Shares of Reliance Industries on Tuesday rose by 2 per cent even as the company reported drop in quarterly net profit, hurt by weak demand and lower natural gas output. After opening the trade on a strong note, the RIL scrip...
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Owing to refinery shutdowns in the western market during the second quarter (Q2), Reliance Industries (RIL) posted a strong gross refining margin (GRM) of $9.5 per barrel for the quarter, which was mostly in line with street expectations. However,...
Analysts turn bullish on Reliance Analysts turn bullish on Reliance Last updated on: October 16, 2012 08:21 IST Palak Shah in Mumbai Fact that RIL will get the much required support from another segment like shale gas is a big positive for the stock.
This comes even as the refining and marketing business witnessed a strong growth on the revenue and profitability fronts. However, the company witnessed a 20.2 per cent sequential jump in profits in the September 2012 quarter, in line with the...