RIL will Rock Soon..

Reliance Industries Ltd (RIL) is back to what it does best. After a gap of five quarters, India’s largest private sector company posted a 15.8 per cent increase in net profit during the quarter ended December 2009.

RIL’s net profit for the December 2009 quarter was Rs 4,008 crore, against Rs 3,462 crore in the corresponding quarter of last year.

“Both our key projects, namely, the new SEZ refinery and KG-D6 oil and gas development, have ramped up successfully and safely. Reliance is well poised to benefit from the improving global economic environment and domestic markets’ opportunities,” said Chairman and Managing Director Mukesh D Ambani.

The new refinery has operated more than 58,000 barrels per day on some days, with utilisation at 115 per cent for the quarter. Agarwal said GRM would improve in 2010. The first three weeks of January started well.

“Sequential increase in GRMs and gas sales has helped RIL post increase in profit. The company has posted results marginally above the Street’s expectation, though the petrochemical margins have reduced sequentially,” said Vinay Nair, senior analyst, Khandwala Securities.

The turnover of the company rose 92.31 per cent at Rs 56,856 crore, against Rs 29,564 crore in the corresponding period a year ago.

The revenue from refining grew nearly 142.8 per cent to Rs 48,000 crore, mainly due to the merger of the 580,000 barrels per day only-for-exports refinery of Reliance Petroleum. Income from the petrochemical business was Rs 2,055 crore, up by 24 per cent.

During the three-month period, revenue from the oil and gas segment, which includes exploration, development and production, more than tripled to Rs 3,530 crore against Rs 1,031 crore during the corresponding previous quarter.

The petrochemicals business saw a 16.9 per cent rise in revenue to Rs 14,756 crore. The company, which began production of natural gas from its KG-D6 facility in April 2009, has ramped up the production to over 60 million standard cubic metres per day (mscmd). During the quarter, RIL produced 337,000 tonnes of crude oil and 9,014 mscmd of natural gas from its eastern offshore KG-D6 field. RIL said 16 of the 18 wells of KG-D6 have commenced production; the other two are ready, too.

Reliance, which has made a bid to acquire Netherlands-based bankrupt petrochemicals firm LyondellBasell Industries, said it had outstanding debt of Rs 70,008 crore as on December 31, 2009, and cash reserve of Rs 15,959 crore.

Learn about Stock Market

This Post is from my another blog.
indianstock-forexupdate.blogspot.com

Market ends at positive of last 20 month. So many of my frineds wanted to know about stock market so this might be useful for them.

Stock Market:
First you have to understand what is stock market. If you are not knowing any thing, then before investing, observe market for few days. Monitor every up down movements. Make a list of some stocks and observe chart regularly. After that you will be able to understand when to invest.


Entry and Exit:
This is most important. Believe me, I lost my profit so many times because of my mistake in past. Entry and Exit timings are most important in stock market. Always enter the market or in any stock at lower level. And exit at higher level. Now if you buy something and market crashes, thn just hold for some time. Never exit at lower level. Because if you will exit, market will go up and you will buy same stock again at higher levels.


Support and Resistance:
Always look for Support and Resistance levels. Support levels are lower levels which holds stock price at lower level. And resistance is higher levels which dont allow prices to go high.


How to know Support and Resistance??
Observe stock for some days. These levels can easily identified. Lets take an example of Tata Steel. From So many days, if you observe daily chart, it goes up to 585 and can not go higher than that. After some days it goes up yo 550 but stop going down from this level. This process repeated so many times. It goes at 585 for 3-4 times and 550 at 2-3 times. So in this case 550 is Support and 585 is Resistance.


When to Enter and Exit??
Enter at Support level and Exit at resistance. If Support is broken then it may go further down. So exit immidiate in such case if you can not hold for long time. And exit at Resistance level. If you have hope about breaking resistance then also must book partial profit. If it will break this level, then it will go higher.


Like in above example, Tata steel had broken that resistance so now its price is 615. Now new support level is 600 and new Resistance is 625 so book profit at 625 and again enter at 600 level. That should be strategy.

Indian Stock Market Rocked in 2009

The Indian stock markets clocked their best-ever annual performance in 2009. The benchmark Bombay Stock Exchange Sensitive Index, or the BSE Sensex, logged an 81.03 per cent rise, the fourth best globally. Only Sri Lanka (125 per cent), Indonesia’s Jakarta Composite (87 per cent) and Brazil’s Bovespa (82 per cent) fared better. The Sensex just managed to pip the Shanghai Composite Index, which rose 80 per cent. For the Sensex, which rose 7,817 points to close at 17,465, the previous high in terms of returns was in 2003

The National Stock Exchange’s Nifty also had a record year. It rose 75.76 per cent, or 2,242 points, to close at 5,201.

On the last day of the year, the markets closed at their highest in nearly 20 months. The surge, which began in March, marked a turnaround from a record fall of 52 per cent in 2008.

The rise was driven by portfolio inflows, estimated at $17.46 billion during 2009, just $320 million short of the 2007 record of $17.78 billion.

The sentiments of foreign institutional investors were buoyed after the election verdict in May. Even deficient rains did not deter investors searching for higher yields in a world where liquidity was not an issue