Reliance & Tech-Mah deliver a class Q3

Both, Reliance Industries and Tech Mahindra declared their results after the markets closed. Tech Mahindra, had slipped due to selling pressure and was trading more than 4% down at close. However, the company has declared some solid results for this quarter. Even though the estimates were around 10-11%, the Q3 net jumped a good 16.5%. Also, the guidances look very good. Revenue from the $1 Bn BT deal will start coming from the next quarter. One can expect an explosive opening from him tomorrow.

Reliance kicked ass! The profits surged by a whopping 58%, almost double the estimates made by analysts. The petro-chem production increased by 34% and the exports surged by a awesome 150%. Expect a great opening from him as well. One concern is the current market levels, volatility is bound to be around. But then, who knows Reliance might just drive the market and give a super ending to the week.