Reliance surges more then 1 per cent ahead of results

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Reliance surges more then 1 per cent ahead of results
Reliance Industries: Quotes, News
BSE 817.50BSE Quote23.8 (2.91%)
NSE 817.40NSE Quote23.95 (2.93%)
Shares in Reliance Industries have surged more then 1 per cent, ahead of the company's Q4 2013 results to be declared later today.

The company is expected to post a sharp increase in net profits boosted by healthier gross refining margins.

Net profits at the company are expected in the region of around Rs 5550 crores. Revenues on the other hand are expected at around Rs 91,000 crores.

Analysts are expecting a recovery in the company's petchem segment, driven largely by higher margins.

Shares in Reliance were last traded at Rs 802 on the Bombay Stock Exchange.

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Story first published: Tuesday, April 16, 2013, 12:37 [IST]
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