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Reliance Industries-Facebook can create a 'Super App' to rival Amazon, Walmart, says Kotak Securities

Updated : April 23, 2020 12:00 PM IST

Kotak has a 'buy' call on RIL, with a target at Rs 1,700 per share.
Kotak believes the RIL-FB partnership provide a whole gamut of products in a well-integrated manner - like a Super App.
The offerings may include, but not be limited to commerce, payments and fintech services and media and content, Kotak noted.
Reliance Industries-Facebook can create a 'Super App' to rival Amazon, Walmart, says Kotak Securities

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