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Buy Reliance Industries, target of Rs 3344: Angel
Published on Thu, Apr 24 at 16:17 , Updated at Fri, Apr 25 at 10:30
Source : moneycontrol.com
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Angel Broking has maintained its buy rating on Reliance Industries with a target Price of Rs 3344 in its April 22, 2008 research report. "RIL reported a good performance for 4QFY2008 surpassing our expectations with Refining once again driving growth. Net Sales jumped 35.8% yoy to Rs 37,286 crore (Rs 27,448 crore) backed by higher sales from the Refining and Oil and Gas segments." "We believe that the Exploration and Production initiative to bear fruits from 2HFY2009 onwards and is expected to be the future growth driver. RIL stock is available at 18.7x FY2010E FDEPS of Rs 139.1. We remain positive on the growth prospects of RIL and maintain a Buy on the stock with a Target Price of Rs 3344," says Angel's research report. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. For further details click on attachment...... |
Attachments : RIL- 4QFY2008-220408.pdf |
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Reliance may not fall below 1700 in 2008
This is just a marriage of convenience and opportunity as both need each other just for the time being....
in Reliance - KARUNAS at 08-Aug-08 10:45
Reliance may not fall below 1700 in 2008
tie up of SP with congress is just a joke and it for consideration and there is no national interest involved in it...
in Reliance - marketbear at 08-Aug-08 10:35
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