Reliance Industries operating profit may lag estimates: StarMine

Written by Reuters | Mumbai | Updated: Jan 18 2014, 01:02am hrs
Reliance-KG basinReliance Industries KG-D6's floating production storage and offloading vessel is seen off the Bay of Bengal. (Reuters)
Reliance Industries (RIL) may lag consensus operating profit forecast for the October-December quarter when it reports results later in the day, Thomson Reuters StarMine's SmartEstimates shows.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Reliance to report an operating profit of 74.40 billion rupees for the quarter, compared with a consensus mean estimate of 77.67 billion rupees.

At 11:07 a.m., Reliance shares up 1 per cent.