Angel Broking has come out with its earnings estimates on Reliance Industries (RIL) for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go up by 19.6% at Rs 93,934 crore, Year-0n-Year (YoY) basis.
The company's net profit is seen down 12.1% at Rs 5,013 crore, QoQ. During 2QFY2013, the BSE Oil and Gas Index recorded an increase of 9.1% in line with the rise in the broader market after a series of reforms in India such as diesel price hike. Reliance Industries (RIL) rose by 16.3% due to increase in Singapore GRMs coupled with ongoing buy-back program.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
