RIL may not rally much on Monday, but good long term bet: Analysts

NEW DELHI: After reporting a 19 per cent YoY rise in net profits numbers for the quarter ended June 30, analysts feel that Reliance Industries (RIL) may not rally much on Monday as the price has already moved-up ahead of results."Post the results, the stock is likely to open with a gap-up of 2-3% on Monday; but any up tick will be sold into the market as the stocks has already moved higher ahead of results," said Jagannadham Thunuguntla, Head of Research at SMC Global in an interview with ET Now.