Saturday, June 16, 2018

RELIANCE SCALES ALL TIME HIGH



BUY RELIANCE ABOVE 1005 TG1040,1080 SL 955
INFY  BUY CALL GIVEN @1230  IN POST ACHIEVED  FIRST TARGET(1260),MADE A HIGH OF 1276
HOPE YOU HAVE BOOKED PROFIT @18000 ON FIRST TARGET.HOLD SECOND LOT FOR FINAL TARGET 1285.
Oil-to-telecom behemoth Reliance IndustriesNSE 0.62 % (RIL) scaled fresh all-time high of Rs 1,011.70 in the afternoon trade on Thursday. The scrip has been on a rising  since the beginning of the year, rallying over 10 per cent so far. 

The company, owned by India’s richest person Mukesh Ambani, in April reported a net profit of Rs 9,435 crore for the fourth quarter ended March. It had posted a net profit of Rs 8,046 crore in the same period a year ago. 


Reliance reported a record net profit of Rs 36,075 crore in financial year 2018, up 20.6 per cent. The revenues from operations in the fourth quarter were at Rs 87,227 crore against Rs 74,598 crore in the previous year. 


RIL's telecom arm Reliance Jio's net profit rose 1.2 per cent to Rs 510 crore in Q4 and the revenue figure stood at Rs 7,128 crore. 

The scrip was trading 0.78 per cent up at Rs 1,009.95 at around 2.40 pm (IST). Shares of the company opened at Rs 996.20 and touched a high and a low of Rs 1,011.70 and Rs 988.20, respectively, in trade so far.

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