RIL - Q4 AND FY12 RESULTS
By
Research Desk
about 12 years ago
By Premium Bureau
The RIL numbers were disappointing to say the least but the improved GRMs were a pleasant surprise. The muted capex plans and surge in ‘other income’ though is not too enthusing.
Our Editor Mr.SP Tulsian says that the stock has strong support and this is thanks mainly due to the buy back shield. He is more concerned about the FY13 numbers and is disappointed with the numbers and does not expect the share to do too well on Monday. He feels the stock price might tank to Rs.700 levels after which the management might step in to buy back which will give it the support.
PERFORMANCE HIGHLIGHTS:
