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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura retains buy on Reliance Industries
RIL Q2 performance came as a positive surprise. Reported profit after tax of Rs 6,560 crore was 11 per cent ahead of our estimate, with 7-year high refining margins of $10.6 per barrel. Petrochemical earnings were also strong, though exploration and production remained a drag as expected.