The investment banking company, Jefferies, has forecasted a 35% surge in the stock value of Reliance Industries Limited (RIL), a major Indian conglomerate. The basis for this forecast is the revival of petrochemical margins and the imposition of tariff hikes by Jio, RIL’s telecommunications subsidiary.In order to comprehend this forecast, it…
Assuming the recovery of petrochemical margins and tariff hikes by Jio, Jefferies forecasts a 35% rise in the share price of Reliance.
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