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RIL shares rise 0.7 pct

May 20, 2011

Shares in RIL, India’s top listed firm, gained 0.7 percent in trade on Friday to close at 921.4 rupees.

The stock has been stuggling in 2011, mainly on concerns over decline in gas output from its blocks off India’s east coast.

A newspaper report today said that RIL shares are no longer on the most-wanted list of mutual fund managers in India. RIL shares are increasingly turning out to be trading bets for them, as uncertainty over the stock’s direction over the next one year threatens to weigh down the overall returns of their equity schemes, the report said.

Do you this stock can do well in 2011 and post smart gains going ahead?

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