Brokerages stay bullish on RIL, see twin propellers in Jio and retail

CLSA has maintained an outperform rating as Reliances telecom business Jio showed its first-ever positive free cash flow and strong subscriber expansion. Goldman Sachs has retained a buy rating saying that Reliances retail growth opportunity is underappreciated. The stock ended down 0.5% at Rs 2,226 on Tuesday but it has run up 12% ahead of Fridays Annual General Meeting. A look at the brokerage commentary on RIL in recent days.

via Economictimes