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Check out: 5 bluechips brokerages are playing today

Mon, Jul 01, 2013 at 09:09

| Source: CNBC-TV18
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Reliance Industries 

Brokerage: Angel Broking

Rating: Neutral

Rationale: RIL is likely to be a key beneficiary of the increase in gas price as it unlike PSU
upstream companies; it does not bear any subsidy burden. Hence, we raise our
gas price estimates for RIL to USD 8.4/mmbtu, which results in our EPS estimates
being higher by 6.8 percent for FY2015.

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