By Premium Research Bureau

“Extraordinary numbers!” that the first verdict of our Editor, Mr.SP Tulsian. Despite the one-time gain of Rs.1087 crore, the EBIT margins of petchem at 15.83% and 11.17% of refining were phenomenal. GRM for the quarter came in at $11.90/barrel was also a complete surprise.

These have indeed been fantastic numbers and the market is sure to react positively when it opens for trading tomorrow. The stock price has already rallied quite a lot and as per Mr.Tulsian, we can expect around 3% rise tomorrow.

RIL has also purchased 24% in Balaji Tele at Rs.413 crore. This is clearly a step ahead, given the plans it has for Jio as this is how it will now amass content. The company will be holding its AGM tomorrow and it would be interesting to note future plans for Jio

A detailed look at the Q1FY18 numbers….