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Refining, Jio and Retail to power RIL re-rating, says Morgan Stanley
Updated : 5 months, 2 weeks ago IST
Global brokerage Morgan Stanley has re-rated Reliance Industries Ltd (RIL), citing the onset of what it calls the company's "fourth monetisation cycle" and a decisive inflection in cash flows across all major business verticals.
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JP Morgan says it sees RIL as relative outperformer in CY23
Updated : 3 years, 2 months ago IST
The financial services company said it sees continued strength in refining business, a likely rebound in petrochemicals (petrochem) spreads from decadal low levels from China re-opening, and volume growth in exploration and production (E and P) - driving earnings growth.
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