Mid-term Pick: Reliance Industries

RIL’s stock price has borne the brunt of negative news flows on the gas litigation front. However, we believe the current price has discounted the worst case scenario.

By ET Bureau | Oct 14, 2009, 01.30 AM IST

Market price: Rs 2,167
Target price: Rs 2,340

RIL��s stock price has borne the brunt of negative news flows on the gas litigation front. However, we believe the current price has discounted the worst case scenario.

Recent disclosures indicate that RIL��s current gas reserves form just a tip of the iceberg, with huge growth prospects from new finds.

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