JPMorgan on Reliance
Maintain Overweight; Cut TP to Rs 1468 from Rs 1562.5
One of the two drivers of RIL’s recent underperformance - weak refining margin - has reversed
The other - poor retail top-line growth is difficult to anticipate, but expectations have compressed
Maintain Overweight; Cut TP to Rs 1468 from Rs 1562.5
One of the two drivers of RIL’s recent underperformance - weak refining margin - has reversed
The other - poor retail top-line growth is difficult to anticipate, but expectations have compressed