CLSA has maintained an outperform rating as Reliance’s telecom business Jio showed its first-ever positive free cash flow and strong subscriber expansion. Goldman Sachs has retained a buy rating saying that Reliance’s retail growth opportunity is underappreciated. The stock ended down 0.5% at Rs 2,226 on Tuesday but it has run up 12% ahead of Friday’s Annual General Meeting. A look at the brokerage commentary on RIL in recent days.
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Tuesday, June 22, 2021
Brokerages stay bullish on RIL, see twin propellers in Jio and retail
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