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Reliance Industries, ONGC, Coal India and Phoenix Mills: Here are Monday's top brokerage calls

Reliance Industries, ONGC, Coal India and Phoenix Mills: Here are Monday's top brokerage calls

Reliance Industries, ONGC, Coal India and Phoenix Mills: Here are Monday's top brokerage calls
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By CNBCTV18.com Nov 22, 2021 8:56:15 AM IST (Published)

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SUMMARY

JP Morgan says the recent announcement to reevaluate the deal with Saudi Aramco pertaining to the O2C business will have limited financial impact on RIL while Goldman Sachs has downgraded rating on shares of Coal India to 'sell'. Here are the top brokerage calls for the day:

ONGC, ONGC share price, stock market, brokerage calls
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Morgan Stanley on ONGC | The oil company's stock is pricing in $55 per barrel brent oil price and no rise in domestic gas prices, said Morgan Stanley. The brokerage has maintained its 'overweight' rating on the stock.

JP Morgan on Reliance Industries, RIL, RIL share price, stock market
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JP Morgan on Reliance Industries | The brokerage that has a 'neutral' rating on RIL's stock, says the recent announcement to reevaluate the deal with Saudi Aramco pertaining to the O2C business will have limited financial impact. A significant de-leveraging Is already achieved by RIL, the brokerage pointed out.

Goldman Sachs on Coal India, Coal India, Coal India share price, stock market, brokerage calls
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Goldman Sachs on Coal India | The brokerage sees challenges of the shift towards renewable-based power generation and ESG concerns to weigh on Coal India's stock. Goldman Sachs also sees heavy capital expenditure requirements depleting profitability which may also weigh on shares.

CLSA on Phoenix Mills, Phoenix Mills, Phoenix Mills share price, stock market, brokerage calls
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CLSA on Phoenix Mills | Phoenix Mills' balance sheet is ready to pursue multi-fold growth, the brokerage pointed out. Recent stake divestment in the project Rise is expected to be accretive by Rs 38 per share, according to CLSA.

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