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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Morgan Stanley Upgrades RCom to Overweight
Morgan Stanley has upgraded Reliance Communication to 'overweight' for target price of Rs 87. Morgan Stanley sees 35 per cent upside from current levels. RCom intends to sell a controlling 51 per cent stake in Reliance Infratel and launch of Reliance Jio will aid RCom's tower business, MS says. Morgan Stanley adds that downside is limited to 5-10 per cent.