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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura Maintains Buy on RIL
Nomura has maintained its 'buy' call on Reliance Industries for target price of Rs 1,150 per share. Nomura says that RIL's near-term outlook remain strong on the back of strong refining margins and is optimistic on growth of the company excluding its telecom venture. Upcoming expansion in refining will be a key earnings driver for the company. However, prolonged oil price weakness remains a risk factor, Nomura adds.