The pin-up stock for the market, Reliance Industries announced its second quarter result for FY12 today. With the profit figure largely being in line with what the street expected at Rs 5,700 crore, Narendra Taneja of Upstream says the flattish growth on the D6 or gas part will continue, as indicated, for another three quarters.
Further, Taneja says he see further decline in the production for a time period of about 6 months to about 12 months.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!
