Brokerages retain ‘Buy’ on RIL, say focus to be on refining, retail now
Brokerages believe that the focus will now be on recovery in demand and margin in refining, chemicals and retail in the near term.
By ET Bureau |
ET takes a look at how brokerages view Reliance Industries after its AGM and the Google deal.
Brokerages have given a thumbs up to Reliance Industries after its annual general meeting, with most maintaining their ‘buy’ ratings. Analysts are positive on Google’s purchase of a 7.7% stake in Jio Platforms in particular as the company has now managed to partner three major global tech giants — Microsoft and Facebook being the two others besides Google — for Jio Platforms. Brokerages believe that the focus will now be on recovery in demand and margin in refining, chemicals and retail in the near term. ET takes a look at how brokerages view Reliance Industries after its AGM and the Google deal.
