India's largest private sector company Reliance Industries Ltd., started by Dhirubhai Ambani. This company since its listing has gone through many bonus shares, regular dividends, De-mergers, acquisitions, stock splits we are sure that this company has made many people richer in last 2 decades. Also its constant strong growth has surprised many analysts across the globe. The Reliance stock is most ... [Continue Reading]
RELIANCE Stock for Short Term Trading: Short Sell Reliance Ind November Futures at 885 for Target 863
Reliance industries for short term trading: Reliance industries didn't perform well in last 1.5 years as it was struck in range, a negative breakout on the stock below 888 was confirmed on 17 June 2011 since then the stock has entered bearish zone and every pullback was considered as selling opportunity. We have discovered a trade setup on weekly chart that stock was facing some resistance near ... [Continue Reading]
Reliance Ind. (RIL) Q3 Net Profit Surges 28.14% at Rs.5136cr
India's largest company by market cap, Reliance Industries Ltd. (RIL) has announced its Q3 results today, reporting net profit up 28.14% at Rs.5136 crore against Rs.4008 crore previous quarter. Net sales were up 5.15% at Rs.59,789 crore against Rs.56.856 crore. Its cash profit was found to be at Rs.8,695 crore and GRM now stands at US $9 per barrel against US $5.9 per barrel previous year. However ... [Continue Reading]