Reliance Industries‘s Q4 result is to be announced on April 16. Discussing on this Niraj Mansingka of Edelweiss told CNBC-TV18 that he expects the company to report Rs 5541 crore of profit.
Niraj Mansingka, associate director - research at Edelweiss Securities shared his views on oil and gas major RIL's first quarter earnings and outlook for the stock going ahead.
Shares of gas utilities plummeted on Tuesday after the Petroleum and Natural Gas Regulatory Board directed Indraprastha Gas to cut tariffs for certain types of gas in New Delhi in a bid to reduce prices for consumers.
In an interview with CNBC-TV18, Niraj Mansingka of Edelweiss Capital spoke about the news and it’s implication on Reliance Industries.
Reliance Industries (RIL) has target of Rs 1160, says Niraj Mansingka, Analyst, Edelweiss Capital.