ESSAR OIL LTD CMP : Rs. 128.00
Essar oil Ltd will report results for quarter ended June 2011 on Monday
11th July. Company had incurred loss of Rs 70 crores for quarter ended June
2010. As per our sources, Pat for June 2011 quarter shall be more than 300
crores. Post announcement of results, scrip can rise 5-7% in few days.
Hence, investors may buy this scrip on Monday itself in F&O for decent gain in
short run. Although scrip holds good potential for medium term as well. Its
expansion will stand completed in October 2011. Company's present GRM is
around USD 8.50 which, post expansion, should increase BY 4 dollars. Thus,
Essar Oil's profits can show sharp rise from Q4 onwards
11th July. Company had incurred loss of Rs 70 crores for quarter ended June
2010. As per our sources, Pat for June 2011 quarter shall be more than 300
crores. Post announcement of results, scrip can rise 5-7% in few days.
Hence, investors may buy this scrip on Monday itself in F&O for decent gain in
short run. Although scrip holds good potential for medium term as well. Its
expansion will stand completed in October 2011. Company's present GRM is
around USD 8.50 which, post expansion, should increase BY 4 dollars. Thus,
Essar Oil's profits can show sharp rise from Q4 onwards
No comments:
Post a Comment