Citi upgrades RIL to 'buy' on refining margin boost, raises target price to Rs 3,170 a share - Moneycontrol

While a large share of its earnings continuing to be derived from its downstream refining and petrochemicals businesses, the consumer businesses of telecom and retail have now become very meaningful drivers of both earnings and value

Citi Research has increased the price target for Reliance Industries Limited shares to Rs 3,170 from Rs 2,750 and further upgraded its rating on RIL to 'buy' from 'neutral' as it expects the company'… [+3854 chars]

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