Reliance Industries is a top pick with a price target of Rs 1,450: IIFL
Updated : January 18, 2019 11:00 AM IST
Reliance Industries Ltd (RIL) on Thursday reported better-than-expected quarterly earnings. Harshvardhan Dole, VP-Institutional Equities at IIFL, said RIL remains their top pick within the sector with a price target of Rs 1,450/share.
"The company's earnings will be better than other players in the oil and gas sector because of integrated value chain between petrochemicals and refinery," Dole said on Friday.
"Moreover, consumer driven businesses like Jio and retail are ramping well, so the EBITDA will be far more diversified going forward than it was two years ago," said Dole.
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