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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Morgan Stanley Stays Overweight on RIL
Morgan Stanley has maintained 'overweight' stance on Reliance Industries for target price of Rs 1,200 per share. Morgan Stanley says that company is posting high growth even in an environment of low oil prices and forecasts 2-year earnings to grow at CAGR of more than 23 per cent. Morgan Stanley adds that downstream project launches, telecom launch and decelerating CAPEX intensity are positive for the company and its valuations are compelling at current levels.