The big daddy of the stock market, Reliance Industries, has announced its results today. The results have been much above expectations.
The company posted Q4 net profit of Rs 2853 crore versus Rs 2502 crore, up 20.3%, YoY. Its Q4FY07 net turnover was at Rs 25895 crore versus Rs 24542 crore, YoY and the Q4 GRM hits USD 13/bbl versus USD 11.30/bbl in previous quarter of same fiscal. Its Q4 EPS was at Rs 20.50 and Q4 EBITDA Margin was at 18.1%.
Experts give their views on the results, though most of them seem satisfied with the company's performance. ( Source Moneycontrol.com)
BSE SENSEX :
Just see already crossed 14122 & kissed 14238 in 2 sessions only.
For Today's trading,Will face hurdle @ 14272...if crosses and closes above this level will take to 14724 ,14874 level very soon !!Support exist at 14103 ,13895 level.
Also I recommend Each person to start profit booking in their holdings....... Long term Holdings say for 2-3 yrs can be Held but Try and Be cautious at Higher levels... ie. 14700-14800 which is its previous HIGH..... I am not saying that There can be a correction but its better to remain cautious.......
Have a look at the archives section... And See the Power of Having Patience and Holding our Recommendations...Bilcare Buy call given on 5th April was given at 550 now at 750.....
I have been recommending TISCO from 10th April when it was at 460-470 levels........
We know......U are thinking about ICICI ,SBI ,IOB ,INDIAN BANK ,HDFC BANK.....................Yes ,We boldly recommended here in this coloumn itself to buy & forget.........But u had not trusted and now see....Whole World is buying these stocks !!
ANOTHER VIRGIN STOCK.....
J&K BANK: Best among The Banking Pack......... Sure Shot to reach the 1k Mark.......... Just Buy and Forget.......
IFCI: All Other new listings are getting Dried Up again...... Hence operators are again moving their EYE on IFCI...... Buy this stock anywhere in this week.... It will start its run from Monday onwards..........
INTRADAY ROCKZZ:
These are the intraday picks which will burst in between session:
Orbit Corporation : Excellent In the reality space.... Technically looking very strong.... Above 210 will reach 220-225 and thereafter 250......
Indiabulls Realestate : Above 358 will zoom to 370-375 levels..... Have recommended My clients to buy it on Thursday itself.........
SRF : Last hurdle @ 167..........once crosses in future ,grab it to sell @ 186+ level.
ICICI BANK: I and my clients are long on this stock since it was 935.... and gave them a target of 1k which it will reach in 2-3 days.......
1 comment:
Hi Amogh,
For J&K bank, wht is the next week target or short term target.
Thanks in Advance.
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