June 24, 2022

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JP Morgan upgrades RIL to 'overweight', sees 22% upside in stock

1 min read

RIL is among the few large companies in India with a positive earnings revision cycle ahead, given the strong refining and gas environment, said the brokerage firm in its latest report.JP Morgan expects RIL to outperform Nifty50 in the ongoing year, given the strong chances of upgrade in earnings estimates. It has increased its earnings estimates by 19 per cent for FY 2022-23 and 17 per cent for FY 2023-24.



2022-06-16 01:18:04

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