27-7-09
RELIANCE HAD DECLARED THE RESULTS AFTER MKT. TIME ON FRIDAY.
AS PER CHANNELS, THE RESULTS ARE DISAPPOINTED.
* SALES DOWN FROM 41579 TO 32055
* OPERATING PROFIT AT 4293
* PROFIT SEEN AT 3636 FROM 4110
* EPS DOWN FROM 28.30 TO 23.10
NEGATIVE NEWS SPREAD THAT RELIANCE MAY DROP DOWN TO 100/200 RS ON MONDAY.
I ADVISE TO AVOID THAT COUNTER FOR TRADING ON MONDAY BUT ONLY DELV. MAY BE TAKEN AT LOWER LEVEL.