Sales are expected to increase by 21.3 percent Q-o-Q (down 7.9 percent Y-o-Y) to Rs 60621.1 crore, according to Motilal Oswal.
Motilal Oswal has come out with its earnings estimates on oil and gas sector for September quarter FY13. According to the research firm, recent diesel price hike and limiting subsidized LPG cylinders will reduce under-recoveries.
Tata Communications | Jyothy Labs | Inox Leisure | Surana Industries | Info Edge and Reliance Industries are stocks, which are in the news today.
Motilal Oswal has come with its March quarterly earning estimates for Oil & Gas sector. According to the research firm, crude price assumption for FY12/13/14 is USD114.5/ 110/100/bbl and USD90/bbl over long term.
Motilal Oswal has come with its December quarterly earning estimates for Oil and Gas sector. According to the research firm, for Q3FY12, under-recoveries are expected to increase 56% QoQ to INR336b, led by high oil prices, increased international diesel prices and rupee depreciation.
Sell Reliance Inds, Canara Bank and Zee Entertainment, says Sudarshan Sukhani, s2analytics.com.
Amit Dalal, Executive Director, Tata Investment Corporation view on ONGC, Reliance Inds.
Reliance Inds looks good, says Ganesh Shanbhag, SMC Financial Services.
Radhika Gupta of Forefront Capital Management is bullish on Reliance Inds.
Reliance Inds has support at Rs 875-885, says Rahul Mohindar, viratechindia.com.