The delay in gas price hike notwithstanding, Reliance Industries has gained 20 per cent since February end. Expansion moves in refining and petrochemicals and hopes that a BJP-led Government will push gas pricing changes have contributed to the stock’s good show. March quarter results to be announced on Friday will keep the stock in focus. Higher refining margin and rupee depreciation will help, while weakness in petrochemicals may be a drag.

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