MARKET EYE-India's Reliance Industries gains ahead of earnings

Wed Jan 16, 2013 11:58am IST

Related Topics

Stocks

   

* Shares in Reliance Industries gain 2.1 percent after
rival Essar Oil Ltd said it swung to a net profit in
the October-December quarter, with gross refining margins at a
healthy $9.75 a barrel.
* Dealers say Essar results point to potentially improving
refining margins at Reliance when it posts results on Friday. 
* Reliance is expected to report its first profit increase after
four quarters of declining profits, according to consensus of
analyst estimates, Thomson Reuters Starmine data showed.
* Reliance shares also gain after a Press Trust of India report
carried in the Business Standard newspaper says recent
recommendations from a government-appointed panel to look at gas
pricing will be submitted to the cabinet for consideration,
citing ministry sources.
* Those recommendations are expected to lead to higher gas
prices. 
* Reliance declined to comment on the matter.

 (abhishek.vishnoi@thomsonreuters.com /;
prashant.mehra@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Economic Pulse

REUTERS SHOWCASE

Deregulation Impact

Deregulation Impact

Private fuel retailers to dip toe, not dive back, into India  Full Article 

Gold Import

Gold Import

RBI will not change gold import rules - sources  Full Article 

Idea Results

Idea Results

Idea Cellular Q2 profit up 69 percent  Full Article 

An RBI First

An RBI First

RBI releases minutes of financial stability council's Aug meet  Full Article 

Global Shares

Global Shares

Japanese stocks lead shares worldwide, IBM weighs on Dow  Full Article 

IBM Chip Unit

IBM Chip Unit

IBM to pay Globalfoundries to take chip unit  Full Article 

IBM Earnings

IBM Earnings

IBM ditches 2015 operating EPS target, shares slump 7 pct  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage