Motilal Oswal said the current valuation factors a rich 20 times EV/Ebitda multiple to RJio that partly factors the tariff hike. This brokerage has a target of Rs 2,900 for the Reliance Industries stock, which suggests a 20 per cent upside over Friday's close.
from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/3p3yH9A
Monday, November 29, 2021
Brokers up RIL estimates after Jio tariff hike, see up to 20% upside
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment