Reliance Rallies On Morgan Stanley Upgrade

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Shares in Reliance Industries rallied after Morgan Stanley upgraded the stock to "overweight" from "underweight" citing better prospects in the telecom space and confidence over upstream investments. The stock was trading higher by 2.44 per cent at Rs 830.50.

    Reliance Rallies On Morgan Stanley Upgrade
    Reliance Industries has been an under performer amongst Sensex stocks and even as compared to the benchmark index itself.

    Gas pricing issues have bogged down sentiments in the stock. However, the company's huge cash pile and its foray into the telecom space make the company's prospects more interesting one.

    GoodReturns.in

    Read more about: reliance
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more