Hold and acquire RIL

Reliance Industries (Cmp:Rs.2147)reported 13.2% rise in net profit to Rs 4110 crore on 40.8% increase in net sales to Rs 41579 crore in Q1 June 2008 over Q1 June 2007, though the results are not much impressed the market, one can start acquire this gold mind for 12 months view. RIL will start supply of 25 mn standard cubic metres a day of natural gas by September 2008 from its D-6 at KG basin. The output of gs from Reliance Industries (RIL)' D-6 field will be raised to 40 million standard cubic metres a day (mmscmd) by March 2009, hence one can expect decent earning from the 3rd Q of 08-09. It is sure that RIL is the gold mine for Investors in the coming months.