RIL bonus share issue, deep-tech makeover fails to move target prices higher
Notwithstanding retail investor’s enthusiasm over bonus issue announcement, the annual general meeting (AGM) of Reliance Industries (RIL) lacked any near-term catalysts for brokerages to raise their target prices higher. The listing of RIL’s consumer facing businesses – Reliance Jio and Reliance Retail – can lead to re-rating of India’s most valued stock but billionaire Mukesh…
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