>RIL (GEOJIT)

> The company came out with better than expected quarterly numbers though the quarter was a challenging
one.
> Performance of the petrochemicals division looks better than expectations and surprising too because of
increasing margins and rising volumes despite difficult market conditions.
> EPS for FY 09 is expected at R.98.15 and it would be Rs.127.37 and Rs.138.68 respectively for FY10 and
FY 11.
> Oil from KG D 6 is expected within two – three weeks.
> Resolving the gas dispute appears to be the key for better performance in the days ahead.
> The stock is recommended with a one-year target price of Rs.1322.

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