/ RIL Moves North Ahead Of Quarterly Results ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 24 April 2017

The big event investors in the market are eying for, is Reliance Industries Limited’s (RIL) quarterly financial results.

The D-street experts are expecting around 10% rise in the standalone profit for the quarter ended on March 31, 2017. The positive expectations for the quarterly results of RIL, has helped the stock to gain in Monday’s trading session.

Reliance Jio has now over 72 million paid subscribers, and the number is increasing day by day. As per the market experts, the D-street investors are anxious over whether RIL’s P&L statement adds Reliance Jio as a separate segment. This is the buzzing topic in the market. Jio’s strong competitive position in the telecom sector has attracted big investments in the RIL stock.

RIL is now very close to TCS in terms of market capitalisation. It has crossed TCS many times during the market hours in past few trading sessions, but could not firmly stay there for a long time. The stock has touched its intraday high of Rs 1420.95 per share, up by 1.6%. The huge volumes are being traded on NSE at 17,60,051 shares, valued at Rs 248.98 cr.

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