BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
Bank of America Merrill Lynch maintains buy on RIL
Bank of America Merrill Lynch has maintained 'buy' on Reliance Industries for target of Rs 1,160/share. It says that strong refining margins should support Q3 and Q3 will be another negative EBIT quarter for oil & gas. Robust earnings contribution from downstream will help and RIL is trading at in-expensive valuations versus market. Bank of America Merrill Lynch adds that current market price offers free option of telecom business.