RIL hits a new high

about 8 months ago
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Reliance Industries crossed the Rs.1000-mark today ahead of the Q4FY18 and FY18 results. It hit a new high at Rs.1010.70, up 3.6%.

Our Editor, Mr.SP Tulsian has put out his estimates for the quarter and he expects RIL to post a net turnover of Rs.1,08,320 crore, up 5.7% (QoQ). He expects a 2% (QoQ) drop in PAT at Rs.9225 crore.

On the other hand, the average estimates of analysts polled by Reuters expects net profit of Rs.9635 crore, a 2.25% rise on sequential basis and 20% up YoY.

RIL will declare the earnings at around 5.30PM today evening.

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