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Reliance Industries gains ahead of Q2 results

Source : REUTERS
Last Updated: Mon, Oct 15, 2012 07:16 hrs
Undated handout photo of India's Reliance Industries KG-D6's facility

Shares in Reliance Industries gain 0.6 percent ahead of July-September earnings due later in the day.

Analysts expect the Indian conglomerate to post net profit of 53.9 billion rupees ($1.02 billion) for the quarter ended September 30, with net sales expected at 933.4 billion rupees, according to a Reuter survey of analysts.

Dealers expect Reliance's gross refining margins above $9.5 per barrel versus $7.6 per barrel in the quarter ended June.


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