Windfall tax impact on Reliance to be milder than others: Experts

The impact of the recent fuel export tax on Reliance Industries NSE 1.26 % will be milder than others, experts said.

“With fuel export tax for refiners being reviewed every fortnight, we see limited impact on RIL NSE 1.26 %’s earnings, with above mid-cycle margins achievable despite the tax. However, stock implies cap at single-digit margins,” said Morgan Stanley in a research report.