RIL

Brokerages maintain RIL stock rating and target price, turn attention to earnings after AGM

Several brokerages have maintained their ratings and price targets for Reliance Industries, India’s most valuable company, after the Annual General Meeting (AGM). Analysts are somewhat concerned about market disappointment due to the lack of timelines for Jio and Retail spinoffs. Earnings are expected to be the focus of attention after the shareholders’ meeting, and analysts …

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RIL Q1: Brokerages remain bullish, say numbers in-line

JP Morgan said RIL’s operating profit was stable and the stock now offers many potential catalysts. RIL reported a consolidated net profit of Rs 18,258 crore for the June quarter, down 5.9% year-on-year, with weak performance in the petroleum to chemicals segment partially offsetting the strong growth of its consumer businesses. Analysts continued to be …

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