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Standout Brokerage Report: Jefferies constructive on Reliance Industries, TP at Rs 2,600 with buy rating

Updated : April 27, 2021 11:46:39 IST

Jefferies has put out a note on Reliance Industries and the global brokerage is constructive on RIL. It has set a target price of Rs 2,600 with a buy rating.

It says that the overseas investors are more constructive on Reliance Industries at this point in time compared to the domestic peers.

A majority of the investors believe that Reliance is turning out as a local champion with the right to win in retail and telecom.

Some investors believe that event-driven triggers are behind, but Jefferies believes that there are few more triggers left for the stock to re-rate.

-       One is the launch of affordable smartphone

-       The Future Group deal

-       O2C stake sale over the next 12 months.

Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.

To watch other videos in this series, click on the Standout Brokerage Report tab below.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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