Investor pushback sees JP Morgan defending Reliance Industries improve

On June 16, the agency had set a goal worth of Rs 3,170 per share, saying RIL was one of many few massive firms in India with a optimistic earnings revision cycle.

JP Morgan | Reliance Industries | RIL

Brokerage JP Morgan on Monday defined its bullish stance on Reliance Industries (RIL) after an investor ‘pushback’. In a uncommon word, the brokerage home listed investor considerations and detailed causes for its choice to improve RIL inventory from ‘impartial’ to ‘obese’.

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First printed: Mon, Jun 20 2022. 21:44 IST

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