Check Out: Brokerage calls on RIL, DLF, Axis Bank & Tata Steel
Mon, Mar 26, 2012 at 08:43
Brokerage: Goldman Sachs
Target: Rs 945
Rationale: The market is already assigning zero value to the domestic E&P business. They forecast the refining cycle to be robust over the second half of calendar year 2012 and 2013 driven by significant closures in us and Europe, delays in new projects and recovery in oil demand.