Buy Reliance Industries; target of Rs 1200: Religare

Religare is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1200 in its research report dated September 01, 2016.

September 02, 2016 / 19:10 IST

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Religare's research report on Reliance Industries

The commercial launch of RJio today at RIL’s AGM puts to test its US $21bn investments in the telecom business. For the petchem and refining segments, the company’s US$ 14bn worth of pending projects seem to be on track for commissioning by Mar’17. While we see significant benefits from RIL’s investments in cyclical businesses (US$ 16bn), RJio’s earnings profile would be critical for its outlook. We maintain BUY rating on RIL on expectations of its core earnings surging from new projects. For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Sep 2, 2016 07:10 pm

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