RIL can maintain momentum: Vora

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RIL can maintain momentum: Vora

Amisha Vora, Joint Managing Director, Prabhudas Lilladher believes that Reliance Industries can maintain momentum for a while.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » RELATED NEWS RIL has resistance at Rs 1100-1150: Mohindar Reliance out of race for Canadian firm ALSO READ See previous views by Amisha Vora See what other Experts & Brokerages are saying about Reliance See messages about Reliance Reliance BSE | NSE 30/05/12 Are Mutual Funds betting on Reliance?

Amisha Vora, Joint Managing Director, Prabhudas Lilladher believes that Reliance Industries can maintain momentum for a while.

Vora told CNBC-TV18, "Couple of days back came out with note and we very strongly believed that it had potential to give a 8-10% kind of trading upside in a large cap and substantially liquid stock that was a good one and our belief comes from GRMs which are up by USD 2-2.5 but for Reliance it makes a difference of anywhere between Rs 2,500-3,000 crore at PBT on their full capacity."

She further added, "So I think it will give a good delta to this quarter's earnings and if this is any indications of GRMs here on this will make good difference to next years earnings also. This alone difference in Q4 will potentially change Reliance numbers from a stagnant year on year growth to something like 9-10% year on year growth and that boosts Nifty earnings also but Reliance's GRMs are going to make a very vital difference because of the size of volume they are managing at the moment. So I do believe momentum can be maintained for a while."