Morgan Stanley cut its rating on Reliance Industries to 'underweight' from 'equal-weight', citing lack of near-term triggers, expectations for weaker refining margins and valuation.
The investment bank also cited concerns
Reliance Industries has refused to follow Oil Ministry order to swap its KG-D6 gas with a Andhra city gas firm saying "trading" in scarce natural resource was not permissible under
The country's largest corporate Reliance Industries(RIL), which is sitting on a cash pile of nearly Rs 73,000 crore, is on a debt-raising spree again and has mopped up $ 1.
Reliance Industries has sought approval for a proposal to triple its KG-D6 gas prices from April 1, 2014 after the current below market rate of $4.205 per mmBtu expires
A government-controlled panel has approved Reliance Industries' (RIL) Revised Field Development Plan for MA oilfield in the predominately gas-rich KG-D6 block that will help the firm boost gas production.
A majority of the country's top blue-chip firms, led by giants like Reliance Industries and TCS have seen their investor base shrink in the past one year, largely due to
Kotak Institutional Equities downgrades Reliance Industries to "sell" from "reduce", saying the recent run-up in shares is not justified by fundamentals and citing concerns about refining margins.
Reliance shares are
Shares of Reliance Industries today fell more than two per cent on the BSE to close the below the buyback price of Rs 870 apiece.
During the day, the scrip
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