RIL’s December quarter consolidated earnings per share grew 26 per cent from the same period a year earlier, driven by a jump in petrochem EBIT and better-than-expected profits by Jio.
Leading brokerages have raised their price target for Reliance Industries after the oil-to-telecom conglomerate posted better-than-expected results for the quarter ended December 2017. Jefferies maintained its ‘underperform’ ratings with a target price of Rs 790 while CIMB and Kotak Securities have maintained their ‘reduce’ ratings. All other brokerages have either have ‘buy’ or ‘neutral’ ratings. RIL’s December quarter consolidated earnings per share grew 26 per cent from the same period a year earlier, driven by a jump in petrochem EBIT and better-than-expected profits by Jio.
