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17 Jan 2008

Reliance results Update

1. Reliance Industries has announced its third quarter numbers. The company has posted growth of 26% in its standalone net profit of Rs 3,882 crore for the last quarter against Rs 3,081 crore in same period of previous year.


2. Revenues are up by 22.7% to Rs 34,590 crore versus Rs 28,195 crore. Other income increased to Rs 241 crore from Rs 42 crore.

3. Reliance Industries is a good buy if it falls below Rs 3,000 as it has an upside potential up to Rs 3,240- 3500.

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