BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Kotak maintains add on Reliance Industries
RIL's consolidated earnings per share increased 17 per cent to Rs 94 in FY16 led by (1) higher downstream margins and (2) commissioning of polyester chain projects. RIL's core earnings will grow robustly over the next two years led by contribution from downstream projects, notwithstanding moderate overruns in capital expenditure and indicated delays in projects.