RIL Ind.

Reliance Industries announces Q3 results
Reliance Industries Ltd has announced the following Unaudited results for the quarter ended December 31, 2006:

The Company has posted a net profit of Rs 27990 million for the quarter ended December 31, 2006 where as the same was at Rs 17760 million for the quarter ended December 31, 2005. Total Income (net of excise) is Rs 265140 million for the quarter ended December 31, 2006 where as the same was at Rs 183480 million for the quarter ended December 31, 2005.

The figures for the corresponding periods of the previous year are not strictly comparable in view of the planned shutdown of the refinery during October and November 2005.

As per this we can see market touching 20000 by March-2008. Specially if Crude stays below $52.