Thursday, January 17, 2019

Profitable Nifty Tips: Reliance's December Quarter Results Will Come Today

One should always do profit in share market trading. Follow the  Profitable Nifty Tips research Rules and earn huge profits. Reliance Industries (RIL), India's largest private sector telecom, retail, and oil sector, will present its results for its December quarter on January 17, 2019. Market experts look at the results. In the hope of a positive outcome of the results, a good environment is seen in the stock market and Reliance Industries shares are showing steady growth. However, experts say that sluggishness in the refining sector can have an impact on the net profit of Reliance.



The profits may be in these sectors

According to market experts, in the past three months, Reliance's retail, telecom and petrochemical companies have done a good business. Increasing the company's stake in the petrochemical sector can get good growth. Experts say that even in the December quarter, the reduction in the gross refining margins (GRM) of Reliance can be reduced, thereby reducing profit margins.

Bounce in stocks

Profitable Nifty Tips expert says Between the news of Reliance Industries' positive outcome in the December quarter, there is a good environment in the stock market. This is the reason why the shares of Reliance Industries are showing a bounce of 52 percent (12.25 pm).

Profit of 9516 crore in September quarter

Reliance Industries (RIL) recorded a profit of Rs 9,516 crore in the quarter ended September 2018, with an increase of 17.35 percent. This was the highest profit in RIL's history. However, a decrease in the company's gross refining margin (GRM) was recorded. Experts are also predicting a decrease in GRM in this quarter.